Core Viewpoint - The Huairou District has initiated a pilot program for a housing "trade-in" scheme, allowing residents to exchange their old homes for new ones, aiming to improve housing conditions and stimulate the real estate market [1][2]. Summary by Relevant Sections Program Overview - The pilot program for the "trade-in" scheme is officially launched and will last for one year, enabling citizens to sell their old homes to state-owned enterprises [1][2]. Eligibility Criteria for Old Homes - Eligible old homes must be ordinary commercial housing, not exceeding 30 years since completion, located in specific areas, and must not have any legal restrictions or existing rental agreements [2][3]. New Home Purchase Conditions - New homes purchased through the program must be located within Huairou District and have obtained the necessary pre-sale or sale permits [3]. Service Process - The process includes several steps: sourcing old homes, verifying their conditions, signing an intention agreement, conducting price assessments, selecting new homes, completing transactions, and ensuring payment [4][5][6][7][8][9]. Guarantees and Support - Participants can secure new home sources preferentially and are offered a price guarantee for one year on the new homes purchased through the program [10][13]. Communication and Registration - Interested parties can inquire about the program through a hotline or register their old homes via a WeChat mini-program [11].

Core Viewpoint - The article discusses new policies introduced by various Chinese cities to stimulate the real estate market, particularly focusing on the "old-for-new" housing exchange model and financial support measures for homebuyers [3][4][5]. Group 1: Policy Measures - Chongqing's new policy includes six measures to support housing consumption, such as increasing commercial housing loan support and optimizing housing provident fund policies [1][3]. - From now until December 31, 2025, new homebuyers in central urban areas can receive a subsidy of 1% of the total housing price if they sell their old home within a year [3]. - For new homes over 140 square meters, a subsidy of 0.5% of the total price is available [3]. Group 2: Regional Initiatives - Hunan Province has introduced tax refund incentives for individuals who sell their homes and buy new ones within a year [4]. - Zhuhai offers a special subsidy of 1% of the new home's price, capped at 30,000 yuan, for those who sell their old homes within the designated period [4]. - Shenzhen is also trialing a "sell old house enjoy subsidy" initiative through real estate agencies [4]. Group 3: Market Trends and Insights - Over 110 provinces and cities have implemented more than 170 policies since 2025, focusing on adjusting housing loan policies and increasing purchase subsidies [5]. - Despite some recovery in transaction volumes in the second-hand housing market, prices have not shown significant improvement, making it challenging for sellers [5]. - The "old-for-new" model is seen as a way to boost housing consumption, reduce information asymmetry between new and second-hand markets, and mitigate financial risks in the real estate sector [5].

Group 1 - Zhuhai's Housing "Old for New" subsidy program offers a 1% subsidy on the net purchase price of new homes, capped at 30,000 yuan, for individuals selling their old homes within the city limits, excluding certain areas and types of housing [1] - The program allows for flexibility in the sequence of selling old homes and buying new ones, with subsidies available on a "sell one, buy one" basis [1] - The initiative is part of a broader trend, with over 110 provinces and cities in China implementing more than 170 policies since 2025 to support housing purchases, including adjustments to public housing loans and increased subsidies [2] Group 2 - The "Old for New" program aims to stimulate housing consumption, reduce information asymmetry between the new and second-hand housing markets, and enhance market vitality [2] - Challenges remain in the second-hand housing market, where sellers may struggle to sell properties without significant price reductions, despite some recovery in transaction volumes [2] - The current dominant model in first-tier cities involves intermediaries assisting in the sale of old homes, with potential for state-owned enterprises to gradually adopt similar practices for acquiring second-hand homes for affordable housing [2]

Core Insights - Qingdao has launched a new housing policy titled "12 Measures" to support the "old-for-new" housing exchange program, which has generated significant public interest and participation [1][2] Group 1: Policy Implementation - The "old-for-new" housing policy was officially launched on May 6, with a clear implementation path outlined by the Qingdao Housing and Urban-Rural Development Bureau [1] - As of May 22, over 4,500 applications for the "old-for-new" program have been received, indicating strong enthusiasm among citizens [1][2] - The policy sets specific criteria for the properties involved, including a minimum of 1,200 units to be acquired this year, with requirements such as a maximum age of 20 years for old properties and a higher total area or price for new homes [1] Group 2: Financial Incentives - The program offers a one-time purchase subsidy of 30,000 yuan per unit from the municipal finance for acquiring second-hand homes for use as affordable rental housing or long-term rentals [1] - Additionally, a 2% interest subsidy on acquisition loans will be provided for five years by the district where the new residential property is located [1] Group 3: Market Dynamics - The policy aims to stimulate social capital participation in the "old-for-new" housing exchange, creating a more dynamic real estate market [1] - The pricing of old homes will be determined by three independent professional institutions to ensure fair market value, with the option for citizens to withdraw if they are unsatisfied with the price [1] - The initiative is designed to facilitate the transition of acquired second-hand homes into affordable rental housing and long-term rentals [1]

Core Viewpoint - The article discusses the implementation and evolution of the "old-for-new" housing policy in various cities, particularly focusing on Shenzhen's recent initiatives to enhance the housing market and stimulate demand through innovative practices [1][2][3]. Group 1: "Old-for-New" Housing Policy Implementation - Since last year, many cities have adopted the "old-for-new" housing model, with ongoing improvements in the promotion process [1]. - Shenzhen has launched the "old-for-new" housing 3.0 version, allowing customers from different cities to participate and offering a 30,000 yuan subsidy for selling old homes [3]. - The "old-for-new" initiative in Shenzhen has seen over 12,000 viewings and more than 300 new home purchase agreements signed within a year [3]. Group 2: Market Response and Consumer Feedback - After the introduction of the "old-for-new" program, there has been an increase in customer traffic and transaction conversion rates in new housing projects [4]. - Some homeowners expressed interest in the "old-for-new" program, hoping for quicker sales of their second-hand homes amid a recovering real estate market [4]. Group 3: Policy Enhancements and Regional Trends - Over 110 provinces and cities have introduced more than 170 policies related to the "old-for-new" housing initiative since 2025, with significant policy support observed post-national meetings [6]. - Nanjing has recently increased its subsidies for the "old-for-new" program, offering a 1% discount on total purchase price from the government and an additional 3% to 5% from enterprises [6]. - The overall trend indicates that local governments are focusing on reducing barriers and costs for homebuyers, which is expected to stimulate housing demand [6]. Group 4: Future Directions and Innovations - The "old-for-new" model primarily relies on intermediaries to facilitate the sale of old homes, with potential for state-owned enterprises to gradually adopt this model for affordable housing [7].