Recently, Shandong Province officially launched a ‘trade-in old housing for new’ policy aimed at revitalizing the real estate market, promoting housing consumption upgrades, and advancing urban renewal. Under this initiative, residents can have their older homes appraised by the government or designated platforms and use the assessed value as a partial payment toward purchasing newly built residential properties. This not only improves living conditions for residents but also effectively unlocks idle housing inventory and eases developers’ pressure to reduce unsold stock.According to the policy guidelines, eligible old homes must meet specific age and structural safety requirements, while the new homes must be compliant, newly constructed residential units currently on sale within the province. The government will also offer fiscal subsidies and tax incentives to encourage broader household participation. In some pilot areas, third-party agencies are being introduced to manage the acquisition and renovation of old properties, enhancing transaction efficiency and fairness.Experts note that Shandong’s initiative is a concrete step toward fulfilling the national goal of building ‘better homes, better neighborhoods, better communities, and better urban districts.’ The program could generate replicable and scalable experiences for other regions across China. As the policy takes effect, it may also stimulate synergistic growth across related industries, contributing to stable economic development.
近日，山东省正式推出住房‘以旧换新’政策，旨在激活房地产市场、促进住房消费升级，并推动城市更新。该政策允许居民将名下老旧住房交由政府或指定平台评估后，用于抵扣购买新建商品房的部分房款。此举不仅有助于改善居民居住条件，还能有效盘活存量住房资源，缓解部分房企去库存压力。根据政策细则，参与‘以旧换新’的旧房需满足一定年限和结构安全标准，新房则限定为省内合规在售的新建住宅项目。政府还将提供一定的财政补贴和税收优惠，鼓励更多家庭参与。此外，部分地区试点引入第三方机构进行旧房收储和改造，进一步提升交易效率与公平性。专家指出，山东此次推出的举措是落实国家关于‘好房子、好小区、好社区、好城区’建设要求的具体实践，有望形成可复制、可推广的经验，对全国其他地区具有借鉴意义。未来，随着政策落地见效，或将带动相关产业链协同发展，助力经济稳增长。
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