Shanghai pilots the acquisition and storage of existing housing to be purchased and transferred to affordable housing: Special bond funds support real estate companies to resolve inventory

Shanghai pilots the acquisition and storage of existing housing to be purchased and transferred to affordable housing: Special bond funds support real estate companies to resolve inventory

Recently, Shanghai launched an innovative policy pilot project - to collect and store housing into affordable housing through special bond funds, aiming to resolve the inventory pressure of real estate companies and expand the supply of affordable housing. This move has sparked heated discussions across the Internet and has become a hot topic in the financial and real estate fields in the past 10 days. The following are structured data analysis and policy interpretation.

1. Core content of policy

According to documents issued by the Shanghai Municipal Housing and Urban-Rural Development Commission, this pilot mainly includes the following key points:

2. Market response data

After the policy was announced, the capital market and real estate market showed significant changes:

III. Analysis of policy impact

1.Real estate enterprise level: Directly alleviate the liquidity pressure of some developers. Taking a leading real estate company as an example, it has about 2,000 houses in stock in Shanghai. If it is fully acquired according to the policy, it can recover about 3 billion yuan of funds.

2.Affordable housing system: It is expected that more than 10,000 new affordable housing units will be supplied this year, increasing the coverage rate of Shanghai's affordable housing from 28% to 31%.

3.Financial effects: Special bond funds form a closed loop of "acquisition-leasing-repayment". It is estimated that the annual rental yield is 4.5%, and the principal and interest of the bond can be covered within 10 years.

4. Comparison of expert opinions

5. Netizens' hot topics

1.Application conditions: More than 60% of the discussions focus on whether the access standards for affordable housing are relaxed;
2.Rent pricing: About 35% of netizens suggest setting up a gradient rental system;
3.Property quality: Some citizens are worried that real estate companies may give priority to dealing with defective housing sources.

6. Follow-up promotion plan

According to official disclosure, three key nodes will be completed before the third quarter of 2024:
- At the end of June: Complete the first batch of special bond issuance
- Mid-August: Establish a digital housing management platform
- End of September: Delivery of the first batch of 5,000 units

The pilot is regarded as an important exploration of the "new development model" of real estate, and its effectiveness will directly affect the formulation of national policies. It is worth noting that the policy particularly emphasizes the principle of "marketization and rule of law", and clearly requires that the acquisition process be open and transparent, and avoids administrative intervention in the market price formation mechanism.