The first batch of purchases of existing commercial housing special bonds have been launched, opening up a new path for inventory reduction in the real estate sector.

Recently, the first batch of special bonds supporting the acquisition of existing housing stock landed in Zhejiang. The initial 1.653 billion yuan of funds will support the construction of affordable housing in a total of 8 projects in Huzhou, Wenzhou, and Jiaxing. Industry insiders believe that Zhejiang's promotion of government special bonds to purchase existing housing stock not only reflects the innovation and forward-looking nature of policies but also demonstrates comprehensive support for destocking the real estate market, providing a reference for other regions.