Many places promote the purchase and storage of existing land. Real estate enterprises: The discount on the purchase and storage price this time is mostly between 60% and 10%

Photo source: Visual China

Blue Whale News February 13 (Reporter Cui Lupeng) Recently, many places have promoted the purchase and storage of existing land. According to incomplete statistics from the China Index Institute, as of February 11, the total number of land involved in announcements by cities such as Foshan, Huizhou, Zhuhai, Zhongshan, and Jiangmen exceeded 160, the land use area exceeded 6.8 million square meters, and the total proposed purchase price exceeded 35 billion yuan.

Judging from its statistics, this round of purchasing and purchasing is not limited to residential land, but also includes other types of land such as residential, commercial, and industrial. Among them, residential land accounts for more than 50%, commercial land accounts for more than 30%, and industrial land accounts for more than 10%.

“Judging from the transaction time of each land plot, 80% of them are concentrated in 2020-2024, especially those completed in 2021-2023, and the earliest transaction time can be traced back to 2012.& rdquo;Chen Wenjing, director of policy research at the China Index Research Institute, said that in terms of purchasing and purchasing objects, the vast majority of them are local state-owned enterprises, and some plots of land have been included in the list.

A person in charge of a South China real estate market told Blue Whale Finance thatThe real estate company where he works has also negotiated with the local government about purchasing and purchasing, but due to the relatively complex bond structure, no agreement has been reached so far.

“At present, the purchase and storage plots mainly come from central state-owned enterprises and urban investment companies. On the one hand, the asset-liability relationship of state-owned enterprises and urban investment plots is relatively clear. On the other hand, many private enterprise plots are under mortgage, or have complex creditor-debt relationships, or even judicial disputes do not meet the conditions for purchase and storage. rdquo;Li Yujia, chief researcher at the Housing Policy Research Center of Guangdong Province, said that not only state-owned enterprise land is selected, but private enterprise land is eligible or may also be collected and stored.

Another insider of a private real estate company headquartered in Shenzhen revealed to Blue Whale News thatAs far as he knows, the prices of the land purchased and purchased this time are generally lower than the original transfer price, and the discounts are mostly between 60% and 10%; after companies first acquired the land, they mostly used it for development or mortgage loans. There are not many land that has not yet been developed and has no creditor’s rights.

After the above-mentioned land is collected and stored, according to Li Yujia, it may be temporarily reserved, or the planning conditions may be revised and then transferred, and transferred to the original enterprise. The land use may also be changed, such as affordable housing, public use, etc.

It is worth noting that after land is collected and collected, the exit mechanism of real estate enterprises is also different.

In January, Jin Mao and the Huzhou government entered into a land purchase and storage agreement on land purchase and storage, and handed over the four plots of land in hand to the Huzhou South Taihu Lake Management Committee for storage and storage, at a total cost of 781 million yuan.A person close to China Jin Mao told Blue Whale News that the cash compensation will be made in three phases and is expected to be completed within two years.

“Collecting and purchasing idle land will help stabilize the developer’s capital chain, promote guaranteed delivery and land acquisition to start construction, thereby stabilizing the scale of the industry and laying a solid foundation for stopping decline and returning to stability. rdquo; Li Yujia believes that this impact will depend on how much reserves can be released in the future.

“At present, the progress of implementing special bonds to purchase existing land in most cities still needs to be accelerated, and there are still many difficulties in local purchase of existing land. After investigation by the China Central Index Institute, difficulties mainly include unclear special debt quotas, complex adjustment procedures, and difficulty in coordinating land replacement interests. At the same time, the purchase price is low, coordination between the government and enterprises is difficult, and enterprises are not willing to participate is low. rdquo; In this regard, Chen Wenjing suggested that for the purchase price, the starting price at the time of land transfer can be used as an important reference for the purchase price; for the acquisition subject matter, the stock of land acquired since 2020 can be limited to maximize the financial efficiency; for the type of enterprises, increase support for private enterprises and promote the recovered land to form an effective supply. For example, the proportion of local state-owned assets: central enterprises: private enterprises can be set to 35%: 30%: 35%, and some regions can increase the proportion of private enterprises to more than 40%.

Chen Wenjing said that the purchase of idle existing land with special bonds will help improve the market supply and demand relationship and promote the real estate market to enter a new cycle. It is also a key measure to promote real estate development investment and stop the decline and stabilize new construction projects in 2025. It will open up various storage and storage blockages and accelerate the pace of collection and storage may be an important focus of central and local government policies in the future, and relevant supporting policies are expected to continue to improve.