Bloomberg quoted people familiar with the matter and revealed that the regulatory authorities of China are considering recovering the unsolvable plot from the hands of the dilemma, and land purchase funds will be used for the delivery of real estate projects that are suspended.
According to reports, people familiar with the matter said that the Ministry of Housing and Construction of China is evaluating the above plan with other regulatory authorities, and it is unclear whether the decision -making level will be approved.
People familiar with the matter also said that the suggestions are still under discussion, and there are still changes.According to Chinese law, the local governments have recovered from the developers without developing the land for two years without developing the land without compensation.
People familiar with the matter said that if the above plan is approved to be implemented, it means that government departments have a large space for urban policies, including recovering the land from the hands of the dilemma.The latter will provide funds to complete the suspension of the dilemma developer.People familiar with the matter also mentioned that other operations also include the government's re -planning of the recycled land to increase its value.
This plan is one of the several stable real estate market measures considering in the regulatory authorities of China to work hard to prevent the integrated risk of the real estate market and cause greater social problems and continue to pressure the economy.The primary goal of the "Insurance Building" also shows that the regulatory authorities are preferred to consider buyers rather than bond holders. Although the debt defaults recorded by real estate giants such as Evergrande have caused the bond holders to suffer losses.
According to Bloomberg, Kerrui data shows that as of the end of last year, the top 100 developers in China have about 42.5 trillion yuan (approximately S $ 8.7 trillion) for soil reservoir value.Among them, a large number of companies are large -scale debt to buy land, and hopes that the price can continue to rise.
But the government has demanded that the real estate industry has continued to affect housing prices, land prices and new commercial housing sales in the real estate industry for many years.Development.
According to Caixin's previous report, only 37%of the land that was transferred to the first batch of centralized bidding last year had started; about 16%of the land transferred in the second round of land had started.
