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peninsula omnimedia reporter li xiaofang

in early april this year, zhengzhou proposed a plan to complete the "old for new" of 10,000 second-hand houses by 2024. among them, zhengzhou chengfa group, as the acquisition entity, directly purchased 5,000 second-hand houses from the market for "old for new". the direct acquisition and large-scale acquisition by local state-owned enterprises attracted great attention from the market. in the same month, nanjing anju group launched a pilot activity of "old for new", in which anju group purchased second-hand houses, with the first batch of 2,000 second-hand houses.

after the implementation of the policy in zhengzhou and nanjing, various places accelerated the follow-up of relevant policies. as of september 17, according to monitoring by the china index academy, about 130 cities have carried out housing "old for new" related work, including beijing, shanghai and other cities. the "old for new" model in various places has also been upgraded and iterated on the basis of the previous model of intermediaries giving priority to selling houses and state-owned enterprises collecting old for new. the policy effects in some cities are becoming apparent.

chen wenjing, director of market research at china index academy, said that various regions have continued to optimize relevant policies during the implementation phase of "trading old for new". the two models of intermediary priority sales and state-owned enterprises' acquisition of old for new have gradually been combined to jointly promote the implementation of "trading old for new". it is worth noting that since the current listing volume of second-hand houses in many cities is still high, if the model of intermediary priority sales is to achieve transactions as soon as possible, it is inevitable that concessions will be made in terms of price. the "bottom line" mechanism of state-owned enterprises in zhangzhou may be able to better dispel the concerns of old house owners about sharp price cuts. the price evaluation of old houses in the state-owned enterprise acquisition of old for new is also one of the important factors affecting the enthusiasm of old house owners to participate. if the second-hand house owner is not satisfied with the assessed price, the company's "direct purchase + help selling" is carried out in parallel, and the "agent sales" model is added to the old house acquisition to help the old house owners sell the second-hand house, which also gives more choices to the owners of the house.

in addition, the expansion of the "old for new" rules may be one of the important directions for policy optimization in various places in the future, such as expanding the property types for purchasing old houses, expanding the scope of new houses that can be replaced, expanding the regional scope for purchasing old houses, etc. cross-city acquisitions of old houses may further strengthen the agglomeration effect of advantageous cities.

the "old for new" initiative is conducive to opening up the chain of first-hand and second-hand properties, and has a certain driving effect in increasing the activity of the property market. more cities may implement relevant measures in the future. however, it is worth noting that the scale of "old for new" in various places is still relatively low. state-owned enterprises rely more on self-financing on government platforms and loans from financial institutions to collect old for new. if more financial support is given in the future and further synergy is formed, it is expected to further expand the driving effect of "old for new" on the market and help the real estate market stabilize faster.