Suzhou Official Announcement: Recognize the house but not the loan
Today, Suzhou issued a notice on optimizing the criteria for determining the number of housing units in personal housing loans in our city. The full text is as follows:
All relevant units:
In order to better meet the rigid and improved housing needs of residents, in accordance with the spirit of the "Notice on Optimizing the Standards for Determining the Number of Housing Units in Personal Housing Loans" jointly issued by the Ministry of Housing and Urban Rural Development, the People's Bank of China, and the State Administration of Financial Supervision, the relevant matters are hereby notified as follows:
When a resident family applies for a loan to purchase commercial housing, if their family members do not have a complete set of housing in our city, regardless of whether they have used the loan to purchase housing, banking and financial institutions will implement the housing credit policy for the first set of housing.
This notice shall come into effect from the date of issuance of the Notice of the Ministry of Housing and Urban Rural Development and the State Administration of Financial Supervision of the People's Bank of China on Optimizing the Standards for Determining the Number of Housing Units in Personal Housing Loans. In case of any inconsistency between the original policies and this notice, this notice shall prevail.
Suzhou Housing and Urban Rural Development Bureau
Suzhou Local Financial Supervision and Administration Bureau
People's Bank of China Suzhou Branch
Suzhou Regulatory Branch of the State Administration for Financial Regulation
September 2, 2023