So many moves!, Stable Housing Provident Fund | Housing | Real Estate Market
Recently, many regions have continued to optimize and adjust their housing policies.
On August 17th, Nanchang, Jiangxi Province issued 15 new policies to stabilize the real estate market, which proposed that the minimum down payment ratio for first-time home purchases should be 20%, and the minimum down payment ratio for second home purchases should be 30%; Housing provident fund can be provisioned to pay the down payment for purchasing a house; A 20% increase in the amount of housing provident fund loans for families with multiple children; Provide deed tax subsidies and preferential tax refunds for changing houses.
On the same day, in response to rumors of a decrease in the down payment ratio and loan interest rate for second home buyers in Xiamen, Fujian, Securities Times reporters called several banks in Xiamen, including China Construction Bank, Bank of Communications, and Industrial and Commercial Bank of China. Relevant staff told reporters that the local down payment ratio for second home buyers had decreased to 40%, and at the same time, the loan interest rate for second home buyers had also dropped to 4.8%. The new policy was implemented from August 16th.
On August 15th, Wenzhou, Zhejiang Province improved its housing provident fund policy, which proposed a minimum down payment ratio of 20% for the first housing loan and 40% for the second housing loan; The maximum loan amount for families with dual deposits has been adjusted to 1 million yuan, and the maximum loan amount for families with single deposits has been adjusted to 650000 yuan; Optimize the standards for determining the number of housing units for households receiving housing provident fund loans.
Nanchang releases new policies to stabilize the real estate market
On August 17th, the Nanchang Municipal Government issued a notice on the issuance of several policy measures to promote the stable and healthy development of the real estate market in our city.
It is proposed to implement housing credit policies at a lower limit. Residents who purchase housing through provident fund or commercial bank loans shall have a minimum down payment ratio of 20% for their first home purchase and a minimum down payment ratio of 30% for their second home purchase. For those who apply for loans again to purchase commercial housing in order to improve their living conditions and comply with relevant policy regulations, the down payment ratio and loan interest rate of commercial personal housing loans shall be implemented according to the minimum requirements.
At the same time, it is proposed to optimize the policy of using housing provident fund, and for employees who meet the conditions for withdrawing housing provident fund for purchasing houses, they can prepay housing provident fund to pay the down payment for purchasing houses; A 20% increase in the amount of housing provident fund loans for families with multiple children; Stop collecting housing provident fund loan guarantee deposits from real estate development enterprises; Actively carry out the work of flexible employment personnel paying housing provident fund, and expand the coverage of housing provident fund payment.
In addition, the new policy also proposes the implementation of phased housing subsidies. From now until December 31, 2023, individuals who purchase newly built commercial housing in the Nanchang area and meet the conditions for enjoying the "10 Talents" housing subsidy in Nanchang will receive a 100% deed tax subsidy from the beneficiary finance department after completing the deed tax payment; Other homebuyers will receive a 50% deed tax subsidy from the beneficiary finance after completing the deed tax payment.
In terms of supporting the improvement of demand for replacement housing, it is proposed that from October 1, 2022 to December 31, 2023, taxpayers who sell their own housing and purchase new housing in the market within one year after the sale of their current housing will be eligible for a tax refund on the personal income tax already paid on the sale of their current housing.
In addition, the new policy also proposes to promote the "transfer of second-hand housing with collateral"; Promote monetization and "housing ticket" resettlement methods, and reward those who choose "housing ticket" to purchase new commercial housing for resettlement.
The down payment ratio for second homes in Xiamen has been reduced to 40%
On August 17th, in response to rumors of a decrease in the down payment ratio and loan interest rate for second home buyers in Xiamen, Securities Times reporters called several banks, including China Construction Bank, Bank of Communications, and Industrial and Commercial Bank of China Xiamen Branch. Relevant staff told reporters that the down payment ratio for second home buyers had been reduced to 40%, and at the same time, the loan interest rate for second home buyers had also dropped to 4.8%.
A staff member of a branch of China Construction Bank in Xiamen told Securities Times reporters that the down payment ratio and interest rate for second homes have indeed decreased, which is a new policy. According to his introduction, if you have a house under your name and take out a loan to purchase a second house, the down payment ratio will be reduced from the previous minimum of 50% to 40%; In terms of interest rate, if the previous loan has been settled, it will be executed according to the first home loan interest rate, which is LPR-50 basis points or 3.7%; If the previous loan has not been settled, the interest rate for the second home loan is executed at LPR+60 basis points, which is 4.8%. Previously, it was executed at LPR+80 basis points, which is 5%.
A loan customer manager from a branch of Bank of Communications in Xiamen also told Securities Times reporters, "Currently, the minimum down payment ratio for second home buyers is 40%, which was previously 50%; the loan interest rate was previously LPR+80 basis points, but now it is LPR+60 basis points, which is 4.8%. This is a policy that was implemented yesterday."
A staff member from the personal loan department of a branch of Industrial and Commercial Bank of China in Xiamen also told Securities Times reporters that according to the new policy, the minimum down payment ratio for second home buyers is currently 40%. If the loan has not been settled before, the interest rate will be based on LPR+60 basis points, which was previously based on LPR+80 basis points.
Previously, on the evening of August 14th, there were media reports that several cities including Xiamen and Chengdu planned to adjust and optimize their purchase restriction policies in the near future, reducing the lower limit of down payment for second homes. After the cancellation of purchase restrictions, the minimum down payment ratio for local first and second homes can be further reduced to 20% and 30%, which is expected to activate the demand for rigid and improved housing, and enhance the transaction activity of the real estate market.
On August 15th, a reporter from the Securities Times called the Xiamen Housing and Urban Rural Development Bureau for consultation. The relevant staff said, "At present, there is not much adjustment to the purchase restriction policy, and whether it will be adjusted is being studied. It is recommended to pay attention to our official website for specific information." The staff also said that they need to ask the bank about the down payment ratio policy.
The minimum down payment ratio for housing provident fund loans for second homes in Wenzhou is 40%
On August 15th, the Wenzhou Housing Provident Fund Management Center in Zhejiang Province issued a notice on further improving the policies and regulations for housing provident fund business in our city.
It is proposed to clarify the down payment ratio for personal housing loans. For families of employees who purchase, construct, renovate, or renovate their first home and apply for personal housing provident fund loans, the minimum down payment ratio for the loan is 20%; For purchasing, constructing, renovating, or renovating a second home for a family, and applying for a personal housing provident fund loan, the minimum down payment ratio for the loan is 40%.
At the same time, the city's housing provident fund loan limit will be raised and unified, with the maximum loan limit for families with dual deposits adjusted to 1 million yuan and the minimum guaranteed loan limit adjusted to 300000 yuan; The maximum loan limit for single person deposit households has been adjusted to 650000 yuan, and the minimum guaranteed loan limit has been adjusted to 200000 yuan.
In addition, optimize the criteria for determining the number of housing units for households receiving housing provident fund loans. The scope of recognition for the number of housing units in the depositor's family shall be based on the housing information recorded by the real estate registration department within the county-level administrative region where the house is purchased. If the land used for the house is collectively owned, it shall not be included in the number of housing units when applying for housing provident fund loans.
In addition, we support non local employees to come to Wenzhou for housing loans. Employees who have contributed to the housing provident fund in other cities and purchased housing within the administrative area of Wenzhou, and who meet the relevant regulations for personal housing provident fund loans in Wenzhou, can apply for personal housing provident fund loans.
