On November 24th, in Lanxi, Zhejiang, Lanxi Lanju Lejia Housing Rental Co., Ltd. determined the qualification sequence of 172 houses that passed the preliminary qualification review for the "old for new" pilot activity in Lanxi urban area through public notarization and lottery. Since the beginning of this year, many regions have continued to promote the "old for new" housing program, making efforts to activate the existing housing and new commodity housing markets, and helping to release housing demand. Yan Yuejin, Vice President of Shanghai E-house Real Estate Research Institute, told reporters that over 100 cities across the country have continued to promote the "old for new" housing policy this year. At present, all key cities have actively carried out work in this field and achieved very good results. This year, the housing 'trade in' policy in various regions has shown comprehensive efforts, innovative models, and increased subsidies. Many cities have connected the chain of new and second-hand housing exchanges through state-owned enterprises leading, financial assistance, and process optimization. ”Zhang Bo, the director of 58 Anjuke Research Institute, stated that this year's housing "trade in" policy has been implemented in Beijing, Chongqing, Qingdao, Jinan, and key cities in the Yangtze River Delta. The policy forms include providing housing subsidies and supporting transfer of ownership with collateral. For example, Jinan launched the "sell old and buy new" housing subsidy support policy for newly built commercial housing at the end of May, providing up to 100000 yuan in housing subsidies to eligible buyers, further supporting the demand for improved housing. The pilot activity of "exchanging old for new" for commercial housing in Huairou District, Beijing was launched in July, through the acquisition of second-hand housing by Huaisheng Smart City Company. Yan Yuejin analyzed that since the beginning of this year, on the basis of the existing parallel models of "state-owned enterprises collecting old and exchanging new" and "intermediaries giving priority to selling", various regions have further lowered the relevant threshold for "exchanging old for new" housing, essentially expanding the coverage of the pilot and practice of "exchanging old for new" housing. Taking Nanjing as an example, based on the "old for new" housing consumption activity in 2024, Nanjing will adopt the "buy new to help sell old" model in the "old for new" housing consumption activity in 2025, making it more flexible for citizens to trade in. At the same time, the number of real estate companies participating in the event has increased, and the available housing resources have become more diverse. In addition, the Nanjing Municipal Government also provides a government subsidy of 1% of the contract amount for newly-built commercial housing to buyers who participate in the "trade in" program. From the past two years, various forms of government subsidies have been an important driving force for promoting the 'trade in' of housing, which is more direct and effective in boosting demand for improved housing and optimizing the housing market. ”Zhang Bo believes that "exchanging old for new" housing has become an important policy tool to activate housing consumption and optimize market structure. In the future, it is expected that policies will focus on long-term effects, expand service scope, better stabilize the real estate market, and improve residents' living quality. Zhang Bo suggested that the flexibility of policies related to "old for new" housing can be strengthened. For example, in conjunction with urban renewal work, a combination of old house renovation and "old for new" programs can be launched for residents in old residential areas. Residents can choose to optimize their living space through old house renovation or achieve quality improvement through "old for new" programs, meeting the demands of different groups for high-quality housing from multiple perspectives. Currently, some cities have combined housing "trade in" with expropriation and resettlement work. In October of this year, six departments including the Housing and Urban Rural Development Bureau of Liaocheng City issued the "Implementation Plan for the Exchange of Old Housing for New Housing in Liaocheng City (Trial)" (hereinafter referred to as the "Plan"), which proposes to support the exchange of "house tickets for new housing". Include the old house of the "replacement person" in the "housing source library" for housing ticket placement. After the expropriated person holding the housing ticket purchases the old house, the housing ticket will be transferred to the "replacement person". The plan also supports state-owned platform companies to acquire old houses. The Plan specifies that each county (city, district) government may designate 1-2 state-owned platform companies as the implementing entities to purchase individual second-hand houses within the jurisdiction of the county (city, district) for use as affordable housing. The acquisition of old houses for affordable housing has also led to positive changes in the supply system and source mode of affordable housing. ”Yan Yuejin stated that "exchanging old for new" housing not only optimizes the housing structure, but also connects the transaction chain of new and second-hand houses, activating market liquidity. In Yan Yuejin's view, the "old for new" housing program in 2026 will continue to be an important lever for local stock digestion work, providing assistance in promoting the release of demand potential. In the future, various regions can expand policy coverage and include non residential properties (such as commercial and office buildings) in the scope of replacement, revitalizing existing commercial assets. In addition, specialized acquisition companies can be established in various regions for "old and dilapidated" housing resources to promote the expansion of the scale of "old for new" housing, and to form a "acquisition renovation leasing" loop based on this, improving asset utilization efficiency. Yan Yuejin also suggested that from the perspective of a unified big market, urban agglomerations and metropolitan areas can establish a unified housing "trade in" information platform, integrating functions such as housing supply, evaluation, trading, and subsidy application, to reduce the problem of information asymmetry in the process of housing "trade in". (New Society)