Original title: Focus on revitalizing existing land, special bond storage work in many places is being accelerated
The work of using local government special bonds (hereinafter referred to as “special bonds”) funds to collect and store idle land is accelerated.
Since February, Zhuhai, Huizhou, Chaozhou, Jiangmen and other places have intensively issued public notices on the use of special bond funds to recover and acquire existing idle land. According to statistics from the Securities Daily reporter, as of February 11, local governments have planned to use special bonds to collect more than 100 plots of land, and the total purchase price is over 26 billion yuan.
Yan Yuejin, deputy director of Shanghai E-House Real Estate Research Institute, said that in recent days, many places have used special bond funds to collect and store land in a fast pace and wide coverage, which has a positive effect on the digestion of local existing land.
Many places publicly announce the purpose of the land to be collected and stored
In November 2024, the Ministry of Natural Resources issued the “Notice on the Use of Local Government Special Bond Funds to Recover Idle Land” (hereinafter referred to as the “Notice”), providing a policy basis for local governments to promote the work of special bonds to collect and store idle land. The “List of Prohibited Projects for Local Government Special Bonds” issued by the General Office of the State Council in December 2024 clearly states that special bonds are allowed to be used for land reserves and support urban governments to recover idle existing land that meets the conditions. Areas in need can also be used for new ones. Land reserves.
After the above document was issued, relevant departments in many places accelerated the pace of using special bonds to collect and store idle land and issued notices on land acquisition and storage.
On February 11, Changsha Municipal Natural Resources and Planning Bureau issued the “Announcement on the Use of Local Government Special Bond Funds to Recover Idle Land”, which clearly stated that market demand, land conditions and other factors will be fully considered in accordance with policy requirements, and the proposed recovery will be determined. The intended plots and timing arrangements are included in the land reserve plan in batches, and priority is given to the use of local government special bond funds for recovering existing idle land projects in 2025.
In addition, Zhongshan City, Huizhou City and other places have determined the existing idle land projects to be reclaimed and purchased and the price to be reclaimed, and the relevant information has been made public. For example, the “Notice on the Application of Land Collection and Storage Prices for Local Government Special Bond Projects in Zhuhai City in 2025” issued by the Zhuhai Municipal Natural Resources Bureau on February 7, showing that Zhuhai City plans to acquire and store 14 plots of land. The total storage and storage prices exceeded 6.6 billion yuan.
The reporter found that the plots to be collected and stored in various places have been announced to include various purposes such as residential land, commercial land, and tourist land.
Li Yujia, chief researcher of the Guangdong Housing Policy Research Center, told the Securities Daily reporter that the current public price of the planned land to be collected is mostly lower than the original transfer price, with a discount of between 30% and 10% off, which implemented the In the Notice, the land reserve agency entrusts a registered land appraisal agency to conduct a land market price assessment for the planned acquisition of the land, and the land cost of the enterprise is lower than that of the enterprise’s land cost.”
Optimize market supply and demand relationship
The use of special bond funds to recover and acquire existing idle land is a key measure to reduce the scale of existing land in the market, improve the supply and demand relationship of land, and promote the real estate market to stop falling and stabilize. What impact will the implementation of this work have?
Yan Yuejin said that the relevant work will help promote the revitalization of existing land in a systematic and efficient manner, and will have a positive effect on the balance of supply and demand relationships in the land market. In addition, after the existing idle land is collected and stored, it will also help relevant real estate companies improve their financial situation and “go lightweight”.
“The work of using special bond funds to collect and store land is gradually implemented, which is conducive to optimizing the supply and demand relationship of the real estate market.” Li Yujia said that most of the plots planned to be collected and stored in various places are plots of state-owned enterprises and urban investment companies, mainly because of these project assets. The liability relationship is clear and convenient for operation.
(Zhang Xiangyi)
[Editor in charge: Zhang Yanxuan]
