On April 21st, since the beginning of this year, the issuance of special land reserve bonds has continued to advance, becoming an important lever for local governments to regulate land supply and demand, stabilize the real estate market, and alleviate debt pressure. According to data, as of early April, the total amount of land that has been announced nationwide to be acquired through special bonds exceeds 180 billion yuan, with Beijing, Guangdong, Hunan and other places being the first to initiate issuance. Many industry insiders believe that land special bonds not only help digest idle land and improve the structure of the land market, but also provide financial support for real estate companies to activate assets and urban investment to resolve high interest debts. Despite continuous policy optimization, the implementation effect of special bonds still needs to be strengthened in terms of yield mechanism, regional coordination, and risk prevention and control to achieve the policy goals of “stabilizing the market, stabilizing prices, and stabilizing expectations”. (Shanghai Stock News)
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