On January 2nd, as one of the incremental policies to promote the stabilization of the real estate market, the implementation of the policy of renovating 1 million sets of urban villages and dilapidated houses through monetary resettlement and other means has attracted much attention. Recently, reporters have learned from multiple interviews that Suzhou, Ningbo, Qingdao, Hefei and other places are seizing policy opportunities, studying and planning project applications, planning to increase special loan credit lines, formulating renovation plans and resettlement policies. Some projects originally planned for physical resettlement in 2025 will also be adjusted to monetary resettlement. Experts interviewed by reporters believe that the renovation of urban villages has a dual effect of improving people’s livelihoods and driving the economy. Among the many difficulties in the renovation, funding is the most prominent, which requires further increase in fiscal and financial policy support. It is expected that by 2025, the support for fiscal and monetary policies will increase, and the renovation of urban villages will accelerate. The completion of 1 million sets of monetary resettlement may drive the conversion of approximately 200 million square meters of commercial housing. (Securities Times)
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