Report: Since the second quarter, the scale of land reserves for proposed special bonds issued by local governments has grown explosively.

Data released by the Ke Rui Research Center shows that since the second quarter, the scale of land earmarked for special bonds for land reserves issued by local governments has seen explosive growth. According to incomplete statistics, in April, the announced land earmarked for special bonds for land reserves reached 7,198 hectares, involving an amount of 173 billion yuan, both of which have exceeded the total amount in the first quarter. As of May 13th, a total of 171 cities in the country have announced plans for special bonds for land reserves, with a total amount of 391.8 billion yuan earmarked for land reserves, clearly involving a land acquisition scale of 6,565 hectares. According to calculations by the Ke Rui Research Center, if the announced land acquisition scale is implemented as scheduled, it is equivalent to an increase of at least 54% in the new housing transaction area from January to April 2025, helping to reduce the national new housing turnover period by more than 2 months.