Core Viewpoint - The article discusses the recent real estate policies introduced in Jingmen, Hubei, aimed at stabilizing the housing market and promoting healthy development through various measures [1][2]. Group 1: New Policies in Jingmen - Jingmen has released 19 targeted measures across six areas to support the stability of the real estate market [2]. - Residents purchasing underground parking spaces will receive a 100% subsidy on the paid deed tax from the district where the parking space is located [2]. - A 50% subsidy on the deed tax will be provided for individuals purchasing new commercial office spaces for non-business purposes in the central urban area [2]. - The city encourages the use of housing vouchers for resettlement during urban infrastructure projects, allowing for more flexible usage of these vouchers [2][3]. Group 2: Public Rental Housing and Sales Policies - The public rental housing application criteria have been adjusted, requiring applicants to have a per capita annual income below the previous year's average disposable income in Jingmen [3]. - The city plans to acquire suitable existing housing to convert into public rental housing using local government bonds and other funding sources [3]. - From January 1, 2026, newly developed residential properties on newly sold land will primarily be sold as completed units, with a gradual increase in pre-sale thresholds for new projects [3][4]. Group 3: National Policy Context - Over 340 optimization policies have been introduced across more than 160 provinces and cities in China as of June 25, with over 150 adjustments to public housing fund policies [6]. - The State Council's meeting on June 13 signaled a commitment to further optimize existing policies to stabilize the real estate market and enhance demand [6][7]. - Analysts expect that the second half of the year will focus on implementing these policies to halt the market's decline and stabilize expectations [6][7].

Core Viewpoint - Wuhan has introduced new real estate policies aimed at stabilizing the housing market and enhancing support for families with multiple children, thereby stimulating housing demand [1][4]. Group 1: Policy Adjustments - The new policies include a subsidy of 60,000 yuan for families with two children and 120,000 yuan for families with three children purchasing new homes from May 1 to December 31, 2025 [4]. - The maximum loan limit for the second home using housing provident fund loans will be aligned with that of the first home, and support for converting rental payments into home purchases will be increased [4][5]. - The city plans to purchase 3,000 second-hand homes for various rental and resettlement purposes, promoting the "old for new" housing exchange [4]. Group 2: Financial Support and Incentives - From May 1 to December 31, 2025, individuals purchasing new commercial or office properties for non-business purposes will receive a 50% subsidy on the paid deed tax, with the minimum down payment for commercial loans reduced from 50% to 45% [5]. - The policies aim to enhance the service level of housing transactions through a "one-stop" service platform, facilitating online signing and mortgage processes [5]. Group 3: Broader Market Trends - Other cities, such as Kunming and Shaoguan, have also announced similar measures, including increasing the maximum housing provident fund loan limits and providing subsidies for families with multiple children [6][7]. - Qingdao has introduced a set of 12 new real estate policies, including subsidies for families with two and three children, and promoting low monthly payment housing loan products [7].

Core Viewpoint - The "Han Nine" policy introduced by Wuhan's housing and urban renewal bureau aims to stimulate demand and activate the real estate market through increased financial support, subsidies, and innovative policies to revitalize existing inventory [1][2][3] Group 1: Policy Features - The "Han Nine" policy increases the maximum personal housing provident fund loan limit for second homes to match that of first homes, reducing costs for families looking to upgrade [1] - Special financial products targeting young people are introduced, including lower interest rates and flexible repayment options, enhancing Wuhan's appeal to talent such as university students [1] - The policy expands subsidies for families with multiple children from specific districts to the entire city, increasing the coverage and benefiting more families [1] Group 2: Market Activation Measures - The policy encourages the sale of old homes to purchase new ones by continuing to provide tax subsidies and promoting cross-district exchanges of second-hand homes [2] - Innovative measures include allowing the transfer of previously self-held commercial properties and reducing transaction costs for underground parking spaces, facilitating quicker sales and improving cash flow for developers [2] - The overall approach of the new policy reflects a strategy of controlling new supply while revitalizing existing inventory, targeting various demographics to release housing demand potential [2] Group 3: Market Impact - The previous "Han Ten" policies have played a crucial role in stabilizing the market, with a reported 5.5% year-on-year increase in Wuhan's commodity housing sales area in the first quarter [3] - The introduction of the "Han Nine" policy before the May Day holiday is expected to further stimulate demand and market activity, with positive expectations for the month of May [3]