On March 12th, since the direction of the destocking policy was clarified in May last year, the central government has repeatedly proposed to support the purchase of existing commercial housing for use as affordable housing, and multiple departments have closely cooperated to actively promote its implementation. This year’s government work report has made significant breakthroughs in the policy of purchasing existing commercial housing. It not only proposes for the first time to give city governments greater autonomy in terms of acquisition subjects, prices, and uses, but also clearly proposes to expand the scope of use of affordable housing re loans. Minister of Housing and Urban Rural Development Ni Hong further clarified the direction of acquisition purposes at the National People’s Congress and People’s Livelihood Theme Press Conference. Industry experts believe that the new proposal for the collection and storage of existing housing has significantly relaxed compared to before, and is expected to solve the previous bottleneck problem. After the overall opening up of the acquisition subject, purpose, and price, the acquisition mode can be more diversified, combined with the expansion of the scope of use of affordable housing re loans, local government special bond support, etc., to provide richer sources of funds for the collection and storage work, which will be conducive to promoting the implementation of the collection and storage work on a larger scale. (Securities Times)
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