在供给侧，新政着力于盘活存量土地和资产。提出要加大存量土地"收调供"力度，鼓励通过依法协商收回、 协议置换或使用专项债券等方式回收闲置存量土地，并允许其在优化调整规划用途后重新供应。同时，促进 商服用地转型利用，允许已出让未开发的商服用地申请内部功能转换，并探索存量合法商办用房按现状临时 转换为保障性住房、医疗、养老、体育健身等公共服务或经营性用途，以适应城市发展新需求。 与此同时，河南省会郑州也在探索房地产管理新模式。郑州市住房保障局发布征求意见稿，拟加快建立城镇 房屋安全体检、安全管理资金和质量安全保险"三项制度"，旨在推进房屋全生命周期安全管理。新政拟设立 房屋安全管理资金专项账户，对房龄30年及以上的城镇住宅房屋实施首次体检，并鼓励老旧房屋购买房屋安 全保险，通过财政补贴等方式，构建起一套预防为主、防治结合的房屋安全保障体系。 分析人士指出，佛山的新政精准地回应了当前市场的多元化需求，尤其是向外籍人士和异地缴存职工释放了 积极信号，有助于吸引和留住人才，增强城市活力。而郑州探索的"房屋体检"制度，则标志着房地产管理正 从增量开发向存量运营深度转型，更加注重房屋的全生命周期价值和居住安全。两地的举措共同 ...

近日，多地发布楼市新政。 此外，新政还提出，加大存量土地"收调供"力度，鼓励通过依法协商收回（收购）、协议置换等措施或使用专 项债券回收闲置存量土地，回收后的土地可按照城市发展需要优化调整规划用途后重新供应。促进商服用地转 型利用，允许土地使用权人申请对已出让未开发的商服用地地块内部细分地类之间功能转换，并按规定补缴土 地出让金。探索存量合法商办用房按现状临时转换用于保障性住房、医疗、养老、文化创意、体育健身、旅游 休闲等公共服务或经营性用途，并按规定缴交用途转换土地价款或土地收益。 郑州拟出台"房屋体检"新规 11月18日，郑州市住房保障局发布《关于印发郑州市城镇房屋安全管理"三项制度"试点实施方案及工作细则的 通知(征求意见稿)》。 新政指出，加快建立"三项制度"体系，推进房屋全生命周期安全管理，保障城镇房屋使用安全。一是建立城镇 房屋安全管理资金专项账户，构建涵盖资金账户设立、交存、使用、补充、监管的城镇房屋安全管理资金（以 下简称："房屋安全管理资金"）制度。二是建立城镇房屋安全体检政策与技术制度体系，确定房屋体检机构， 开展城镇房屋安全体检工作（以下简称："房屋体检"）。三是建立城镇房屋质量安全保险 ...

而在深圳，记者也对多位购房者进行了采访，在目前房价有所下跌加上楼市政策环境宽松的背景下，受 访者均表示会优先考虑公积金和商业的"组合贷"，希望公积金的贷款额度能进一步提高，而且可以直接 提取用于购房首付。 近段时间以来，多个城市继续调整住房公积金政策，也被视为楼市政策利好持续释放的体现。 近日，郑州住房公积金管理中心发布通知，正式开通住房公积金个人住房贷款网上申请渠道，实现贷款 服务从"人工受理"向"网上受理"的数字化转型。经此渠道，缴存人员申请公积金贷款的周期将大大缩 短。 同样在河南省，洛阳、驻马店两地也于近期优化公积金政策。其中，自11月10日起，洛阳市住房公积金 个人住房贷款最高额度将上浮10%，单职工缴存家庭最高可贷77万元，双职工缴存家庭最高可贷93.5万 元。驻马店也提高住房公积金个人住房贷款额度，在原有政策基础上将住房公积金个人贷款额度上浮 10%，从原有的单缴存人贷款额度最高60万元、双缴存人贷款额度最高70万元，上调为单缴存人贷款额 度最高66万元、双缴存人贷款额度最高77万元。 从各类政策出台频次来看，根据中指研究院的监测，10月以来各地出台政策超过30条，其中涉及公积金 政策超过16条 ...

记者丨张敏 编辑丨张伟贤 11月11日，郑州住房公积金管理中心发布通知，正式开通住房公积金个人住房贷款网上申请渠道，缴存 职工可通过"郑好办"APP网上申请公积金贷款，实现贷款服务从"人工受理"向"网上受理"的数字化转 型。经此渠道，缴存人员申请公积金贷款的周期将大大缩短。 同样在河南省，洛阳、驻马店两地也于近期优化公积金政策。驻马店提高了公积金贷款最高额度，并延 长贷款期限。洛阳则在提高公积金贷款最高额度的同时，强调住宅老旧电梯更新可提取公积金。 重庆、南京等二线城市，以及湖北黄冈等三线城市，也于近期优化了公积金政策。 多地优化公积金政策，是近期楼市政策利好持续释放的一个侧面。随着"十五五"规划建议公布，房地产 业继续迎来政策窗口期。 近期出台的楼市政策，也呈现出愈加深化和细化的特征。一方面，楼市政策进一步下沉至区级行政单 位，"因区施策"的局面开始形成；另一方面，除短期利好外，一些着眼中长期的制度建设也在推进。 分析人士指出，临近年末，房企推盘力度加大，在各项利好政策的推动下，楼市有望出现"翘尾"行情。 公积金政策仍是重要抓手 这也是近期出台的公积金政策中，最全面、完备的一项。 本月以来，公积金政策仍是出 ...

Investment Rating - The industry rating is optimistic, with expectations of overall returns exceeding the CSI 300 Index by more than 5% in the next six months [10]. Core Viewpoints - The real estate sector is experiencing a positive market trend, with the Shanghai Composite Index and Shenzhen Composite Index rising by 0.53% and 0.40% respectively, and the Shenwan Real Estate Index increasing by 1.06% on November 10, 2025 [3][4]. - Recent adjustments in housing provident fund loans in Luoyang, allowing for a 10% increase in the maximum loan amount, are expected to stimulate the housing market [5]. - The successful land auction in Guangzhou, with a transaction value of 805 million yuan, indicates ongoing demand for residential land [5]. - Qingte Real Estate's acquisition of two low-density plots in Qingdao for a total of 159 million yuan reflects a strategic focus on core urban areas [6][7]. Summary by Sections Market Performance - On November 10, 2025, the equity market saw most sectors rise, with the Shenwan Real Estate Index up by 1.06% [3]. Individual Stock Performance - The top five performing stocks in the real estate sector included Xinhua Lian, Haitai Development, Hefei Urban Construction, Overseas Chinese Town A, and China Wuyi, with increases of 10.13%, 10.02%, 10.00%, 9.92%, and 7.10% respectively [4]. Industry News - Luoyang's housing provident fund loan limit has been raised, with single and dual-income families now eligible for maximum loans of 770,000 yuan and 935,000 yuan respectively [5]. - A land parcel in Guangzhou's Zengcheng district was sold for 805 million yuan, with a floor price of 7,130 yuan per square meter [5]. - Qingte Real Estate has made significant investments in Qingdao, acquiring two plots for a total of 159 million yuan, indicating a strong commitment to the area [6][7]. Company Announcements - Poly Property Group announced changes in its board of directors, including the appointment of a new non-executive director [8].

Core Viewpoint - The Hubei Provincial Department of Housing and Urban-Rural Development has issued a notice to optimize housing provident fund policies to stabilize the real estate market, including measures such as increasing loan limits and removing restrictions on withdrawals for purchasing homes in different locations [1] Group 1: Policy Measures - The notice includes five key measures aimed at meeting residents' rigid and diverse housing needs, such as increasing loan limits and adjusting loan terms [1] - Cities like Guangzhou, Chengdu, Nanjing, and Weihai have also introduced similar measures in October to enhance housing provident fund policies [1] Group 2: Market Environment - The real estate market has shown stability in October, with the average price of new residential properties in 100 cities at 16,973 yuan per square meter, a month-on-month increase of 0.28%, while the average price of second-hand homes decreased by 0.84% to 13,268 yuan per square meter [2] - The introduction of policies has created a favorable purchasing environment, leading to an increase in the quality and value of housing options available [2] Group 3: Future Outlook - Short-term policies are expected to focus on stabilizing the market, while long-term goals aim for high-quality development in the industry [3] - The end of the year will see real estate companies striving to meet performance targets, with core cities likely to support new home sales through increased supply [3]

Core Insights - Shenzhen's housing provident fund system has significantly expanded, accumulating over 1 trillion yuan in funds and benefiting over 20 million citizens since its implementation in December 2010 [2] Group 1: Loan and Housing Support - The total amount of housing provident fund loans issued has exceeded 380 billion yuan, supporting the purchase of approximately 51 million square meters of housing [1][3] - The maximum loan amount available is 2.31 million yuan, the highest in the country, with policies in place to support first-time homebuyers and families with multiple children [3] Group 2: Coverage and Participation - The system has broadened its coverage to include both local and non-local workers, as well as foreign nationals and residents from Hong Kong, Macau, and Taiwan [2] - Approximately 120,000 flexible employment workers, such as delivery personnel and ride-hailing drivers, have voluntarily joined the provident fund system since its pilot launch in 2021 [2] Group 3: Withdrawal and Usage Policies - The withdrawal policy allows employees to access funds for various purposes, including home purchases, loan repayments, and rent, with a total rental withdrawal amount exceeding 260 billion yuan [3] - The system has implemented a "monthly automatic withdrawal" service, enhancing convenience for users [3] Group 4: Digital Services and Accessibility - Over 98% of provident fund transactions can be completed online, with a comprehensive digital service platform established for easy access to services [4] - The launch of the "iShenfang" platform provides citizens with integrated online services, including real estate project displays and housing policy information [5]

Core Insights - Chengdu Housing Provident Fund Center has significantly optimized its loan approval and disbursement process, reducing the time from application to disbursement to as little as 9 working days [1][2] - The new system integrates data sharing and automation, allowing for a more efficient and user-friendly experience for loan applicants [1] Group 1: Process Optimization - The approval time has been compressed from 4 days to under 1 day, and the overall loan application to disbursement time has been reduced from 20 working days to 9 [1] - For pre-registered new homes, the fastest disbursement can occur within 2 working days [1] Group 2: Data Integration - The Chengdu Housing Provident Fund Center has enhanced data interconnectivity with housing and banking departments, reducing the number of required documents for loan applications by 10 [1] - This shift allows for a "data runs" approach, minimizing the need for applicants to physically submit documents [1] Group 3: Intelligent Approval - The system employs automated approval processes, transitioning from manual to system-based approvals, which further accelerates the loan disbursement timeline [2] - The intelligent approval system utilizes data sharing and credit assessments to enable rapid decision-making, achieving "instant review and approval" [1][2]

Core Points - The Nanjing Housing Provident Fund Management Center announced an increase in the maximum loan amount for individual contributors from 500,000 yuan to 800,000 yuan, while the family loan limit remains at 1 million yuan [1] - The adjustment aims to support the rising number of single homebuyers, particularly new citizens and young people, considering factors such as housing market conditions and loan risk prevention [1] - The new loan limits will reduce monthly payments and total interest savings for borrowers, with a specific example showing a monthly payment reduction of 59.90 yuan and total savings of approximately 215,640 yuan over 30 years [1] Loan Adjustment Details - The new loan limits for families with multiple children and other specific conditions allow for a maximum loan increase of 20%, leading to potential loan amounts of 960,000 yuan for individuals and 1,200,000 yuan for families [2] - The cumulative maximum loan amounts can reach 1,160,000 yuan for individuals and 1,440,000 yuan for families when combining multiple conditions [2] - The adjustments will be effective from October 9, 2025, until December 31, 2027, with provisions for loans issued before the effective date to be adjusted upon borrower consent [3]

Core Viewpoint - Nanjing Housing Provident Fund Management Center has announced an increase in the maximum loan limits for housing provident fund loans to support the real estate market and enhance the welfare function of the housing provident fund [1] Group 1: Loan Limit Adjustments - The maximum loan limit for individual contributors has been raised from 500,000 yuan to 800,000 yuan, while the limit for families remains at 1,000,000 yuan [1] - The adjustment focuses on supporting new citizens and young people, reflecting a significant increase in single-person home purchases in Nanjing [1] Group 2: Additional Support Measures - Families with two or more minor children, those participating in the "old for new" housing program, and buyers of new green two-star (or above) housing can have their loan limits increased by 20%, resulting in a maximum loan of 960,000 yuan for individuals and 1,200,000 yuan for families [1][2] - The loan limit increases for multi-child families and those participating in the "old for new" program cannot be combined, nor can the increases for purchasing new green housing and recognized new improved housing [2] Group 3: Implementation Timeline - The new policy will take effect on October 9, 2025, and will remain valid until December 31, 2027 [2] - Loans issued before October 9, 2025, will not be adjusted, while those not yet issued will require borrower consent for any necessary adjustments [2]