A total of 537 special debt collection and storage projects have been implemented nationwide, with a total of 146.6 billion yuan used to support the special debt use in "two areas".

Since the end of 2024, the policy of using local government special bonds to support the recycling of idle land and the acquisition of existing commercial housing for affordable housing has been seen as a new way to solve the problem of real estate inventory. However, in terms of effectiveness, progress has been slow due to difficulties such as pricing mechanisms and balance of returns. According to data from Enterprise Early Warning, as of September 3, a total of 537 special bond storage projects have been implemented nationwide, with a total of 146.6 billion yuan used to support the "two areas". Among these projects, only 18 bonds were used to acquire existing commercial housing, accounting for less than 4%. However, in the process of implementing policies on a small scale, innovative practices in some cities have provided valuable experience in solving core issues, such as implementing the "complementary asset portfolio" model and establishing a green channel for storage. Experts suggest that optimizing the financing and exit mechanisms of storage can be considered through the support of ultra-long-term special national bonds, optimization of debt portfolios, and improvement of affordable housing REITs issuance.