Sino-Singapore Jingwei Client February 26 (Song Yafen) Recently, Zhumadian City, Henan Province, and Nanning City, Guangxi Province have successively announced policies to encourage the purchase of housing funds by provident funds. Zhumadian City lowered the minimum down payment ratio for the first home loan from 30% to 20%, causing concern. Many people are wondering whether this is against the property market policy of "no housing and speculation"? In addition, why is the CPF the first to relax?
CPF policies relaxed
On February 21, Zhumadian City, Henan Province, issued new rules to reduce the minimum down payment ratio for employees' first home loans from 30% to 20%. At the same time, subsidies are also provided for those who purchase the first set of residential housing in downtown and county districts, including various talent subsidies of 200 yuan / ㎡, college and college graduate subsidies of 150 yuan / ㎡, and migrant worker subsidies. 100 yuan / ㎡ and so on.
Only two days later, Nanning City also issued a provident fund home purchase incentive policy. Individual workers and families only have one house, and the building area of the house is within 120 square meters (inclusive), they are allowed to apply for a housing provident fund loan when purchasing a second house with a building area of 144 square meters (inclusive) or less . The down payment ratio for house purchase should be no less than 40%, and the loan interest rate shall be adjusted to 1.1 times of the housing provident fund personal housing loan interest rate for the same period, and the maximum loan amount shall be 500,000 yuan.
Yan Yuejin, research director of the Think Tank Center at E-House Research Institute, believes that adjusting the down payment ratio is a strong “warm property market” policy that will stimulate demand for home purchases. "The Nanning Provident Fund policy represents the current policy thinking of second-tier cities. It is expected that subsequent policies on provident fund loans will be further relaxed across the country, including lowering the down payment ratio, expanding the provident fund loan audience, and increasing the provident fund loan quota."
"Do not live in real estate" has not changed
Although Nanning City made it clear that the starting point of the policy was to mitigate the impact of the new crown pneumonia epidemic on the real estate market in Nanning, the demand-side stimulus always had to make people doubt whether it contradicted the general tone of "housing and living without speculation."
However, Gu Yunchang, executive chairman of the National Association of Real Estate Chamber of Commerce and deputy director of the Housing Policy Expert Committee of the Ministry of Housing and Construction, said in an interview with the client of Sino-Singapore Jingwei: "This is not inconsistent with the 'housing and living without speculation' policy. The second house is not necessarily speculation. , Mainly to meet the need to improve living conditions. "
Gu Yunchang said: "The central government has taken measures to adapt to local conditions and policies according to the city as a guideline. There are always high and low levels in the local property market, especially the epidemic situation, which has a greater impact on the entire property market. Then, the local property market will make design adjustments accordingly. This is not in line with 'no housing or speculation.' The responsibility of local governments is to maintain the stable and healthy development of the market. "
Li Yujia, chief researcher of Guangdong Province's Housing Policy Research Center, also believes that this is not inconsistent with "do not live in real estate".
Li Yujia emphasized that "'housing and living is not speculative' is only one aspect, and there is also 'stable stability' (steady price, stable house prices, and stable expectations). These two aspects must be weighed, not saying 'housing and living not speculated'. It's just a push on the dead. "
Why was the CPF the first to relax?
This time, the two cities that have loosened the property market have both chosen a provident fund as a breakthrough. Why is this?
According to Gu Yunchang, the bank's interest rate is determined by the bank, and the local government has the authority to manage the provident fund, which is a local policy.
In addition, Yang Xianling, the founder of the Blank Research Institute, believes that the government chose the provident fund because the original policy of restricting purchases was basically liberalized.
Li Yujia said that the provident fund itself supports residents' purchase of first homes or improvement needs, and the starting point of local government policies is basically to meet such needs. Preferential policies for provident fund loans can promote the release of local demand.
"In addition, the housing provident fund itself is a housing security system. Previously, in order to alleviate the burden of the epidemic on enterprises and employees, the Ministry of Housing and Construction also introduced measures to delay the payment of provident funds and increase the withdrawal of provident funds." Li Yujia added. (Zhongxin Jingwei APP)
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