Sino-Singapore Jingwei Client, February 29th (Wang Yongle) down payment ratio, increase the loan limit, can buy two suites ... Since February, at least 7 cities including Beijing and Wuhan have adjusted their provident fund use policies. What are the priorities of adjustments in various places? How will it affect the property market?
7 cities launch new provident fund policy
Wuhan: The loan amount of certain groups can be increased without being restricted by household registration.
On February 7, Wuhan Housing Provident Fund Management Center issued a notice to provide a preferential policy for the use of housing provident funds for medical staff and staff involved in the prevention and control of the Wuhan epidemic within a certain period of time.
Among them, the maximum loan amount can be increased by 1.2 times, that is, the maximum loan can reach 840,000 yuan. Eligibility for a loan shall be adjusted from no less than 6 months to the payment of the housing provident fund, starting from the month after the payment of the housing provident fund.
Hengyang, Hunan: The loan amount shall consider the deposit base and repayment ability.
On February 14, Hengyang issued a document to promote the stable and healthy development of the local real estate market.
With regard to the housing provident fund, it is required to accelerate the progress of the mortgage real estate loan disbursement. If the development project obtains a pre-sale permit for commercial housing, and the housing image progress reaches 1/5, the personal housing provident fund loan can be issued after the pre-mortgage is in place. Adjust the provident fund use policy. Implement a differentiated support policy. For A-level credit companies, the time limit for mortgage real estate is reduced by 30%. For projects with land mortgages, after the risk assessment is controllable, access and loans can be processed after the implementation of corporate commitments.
The relevant person in charge of Hengyang Housing Provident Fund Management Center said that the implementation of differentiated loan policies has better protected the rights and interests of the majority of housing provident fund employees. On the one hand, rights and obligations are compatible. Housing Provident Fund Contributors Employees have long deposit periods, high proportions, and large deposit bases. Naturally, the amount of housing provident fund loans enjoyed has increased accordingly; on the other hand, the loan amount is linked to the ability of individuals to repay. In addition to taking precautions against the risk of fund management and operation of the housing provident fund, reducing non-performing loans, and reducing overdue rates, it also guides citizens to scientifically and rationally plan funds, avoid excessive advance consumption, rationally purchase houses, and ensure that the housing provident fund meets the immediate needs of citizens.
Zhumadian, Henan: The down payment for the first home is reduced to 20%.
On February 21, Zhumadian issued a statement that the maximum loan limit for housing provident fund was increased from 450,000 yuan to 500,000 yuan; the minimum down payment ratio for the first home loan was reduced from 30% to 20%, and the down payment ratio for the second home loan remained unchanged at 30%.
This is the first city to announce a reduction in the down payment for the first home purchase of a provident fund loan during the new crown pneumonia epidemic, which has aroused widespread concern in the industry.
Regarding the down payment policy, Yan Yuejin, research director of the Think Tank Center at E-House Research Institute, pointed out that this reflects support for the first home purchase. In fact, the adjustment of the down payment ratio policy is a very strong "warm property market" policy. Similar reduction in down payment ratio can well stimulate home purchase demand. It is expected that starting in March, similar policy effects will gradually be released, and the price of house purchase transactions is expected to improve. It has a very good guide to destocking and stabilizing the property market.
Zhang Dawei, chief analyst of Zhongyuan Real Estate, believes that Zhumadian is not a first-tier or second-tier city, but a representative of a third-tier or fourth-tier city. The actual impact of the down payment ratio is limited. However, the psychological impact of this policy is greater. Adjusting the provident fund down payment policy is by far the heaviest policy, which means that the bailout policy has entered the second stage and has begun to stimulate demand.
Zhang Dawei further explained that according to Zhumadian ’s online signing data, the average single-sale commercial housing contract amount is about 780,000, which means that if calculated based on a 500,000 loan, the average down payment requires 35%, and 20% down payment of 500,000 can only be purchased About 620,000 real estate, the direct impact is relatively limited.
Nanning, Guangxi: Provident Fund can purchase two suites.
On February 23, the Nanning Housing Provident Fund Management Center website issued a notice that eligible employees and families are allowed to apply for a housing provident fund loan when buying a second home with a construction area of 144 square meters or less. The down payment ratio should be no less than 40%.
Sino-Singapore warp and weft data map
Dongguan, Guangdong: The maximum allowance is 20%, which can be loaned for 30 years.
On February 26, an official from the Dongguan Housing Provident Fund Management Center pointed out that the longest term of the provident fund loan was set to 30 years, and the maximum loan limit was increased by 20%. Commercial loans can be partly or fully converted into provident fund loans.
Dongguan Housing Provident Fund Management Center stated that since the commercial-to-public loan was piloted in 2011, the requirement for commercial-to-public loan has to be converted to a purely provident fund loan. After this optimization, employees can convert some or all of their commercial loans to provident fund loans, and no longer require them to be pure provident fund loans. This will open up an application for provident fund loans for employees who cannot pay off the balance of some of the loan balance between the commercial loan and the provident fund loan. The gate is of practical significance to the employees who did not meet the requirements for provident fund loans in the early stage but can now apply for commercial conversion.
Yan Yuejin pointed out that the increase in the loan amount has increased the amount of follow-up provident fund loans for some buyers, and the ability to purchase houses is stronger, which helps to protect the demand for improved housing.
Beijing: Withdrawal of provident fund for renting houses is based on actual rent.
On February 27, the Beijing Housing Provident Fund Management Center issued a notice stating that housing provident fund depositors are affected by the new crown pneumonia epidemic. Before June 30, 2020, apply for rental housing extraction by providing a rental contract, invoice, or providing a rental filing number, and withdraw. The quota is determined by the lower of the monthly deposit amount and the monthly rent amount, and is adjusted to the actual amount of rent paid by employees, which is not subject to the monthly deposit limit.
Fuzhou, Jiangxi: The maximum loan limit will be increased by 100,000 yuan in stages.
On February 27, Fuzhou issued a notice to propose that deposit employees who meet the conditions of the Fuzhou Housing Provident Fund Loan to purchase newly-built commercial houses and the contract filing time is from March 1 to June 30, 2020, and the maximum amount of housing provident fund loans will be gradually increased. To 600,000 yuan. It will be restored to the current maximum amount of 500,000 yuan from July 1.
In addition to the adjustments to the purchase and rent of public provident funds in various places, on February 3, the Housing Fund Management Center of the central state agency posted a notice on the website that new coronavirus-infected pneumonia was included in the scope of extracting housing provident funds for serious diseases. Patients can withdraw their own provident funds Used for medical expenses.
"Do not live in real estate" tone unchanged
Recently, policies to stabilize the property market have been issued in many places. Among them, reducing the down payment ratio is considered to stabilize the real estate from the demand side, which has also caused the market to relax the loan policy. However, recent voices from various departments have indicated that the tone of "housing and living without speculation" remains unchanged.
Public reports show that, in addition to Zhumadian's reduction of the down payment ratio for the first housing provident fund loan, Zheshang Bank reduced the down payment ratio for first-time home purchases in non-restricted cities to 20%. Later, there were rumors of "reducing the down payment for the second house" of Shaoxing ICBC and Shenzhen Construction Bank, which were subsequently rejected.
Sino-Singapore warp and weft data map
The Kerer Research Center believes that the demonstration of Zheshang Bank is of great significance, but it is less likely for mainstream cities to follow up. In the future, the possibility of other cities' banks to continue to follow up and relax will not be ruled out, but they are all in accordance with the existing "lending limit" policy and regulation system, and changes in the level of operation and implementation.
Since February, many departments have spoken out in the real estate sector. On February 16th, Minister of Finance Liu Kunfa pointed out that he insisted on the "no housing and speculation" positioning, implemented a long-term real estate management mechanism, and carried out the central financial support for the pilot development of housing leasing markets and the reconstruction of old urban communities. Improve the basic housing security system.
On February 17, Kong Peng, the chief statistician of the Urban Statistics Department of the National Bureau of Statistics, interpreted the statistical data on the changes in the sales prices of commercial housing in January. In January, localities insisted that houses are used for living, not for speculation. As a short-term means of stimulating the economy, real estate has fully implemented the main responsibility of cities, and the real estate market has maintained an overall stable situation.
On February 19th, the Central Bank issued the "Report on the Implementation of China's Monetary Policy in the Fourth Quarter of 2019", stating that it insists on the positioning of houses for living and not speculation, and accelerates the establishment of real estate finance in accordance with the basic principle of "strategy according to the city". The long-term management mechanism does not use real estate as a means to stimulate the economy in the short term.
On February 25, Xiao Yuanqi, a spokesperson for the Banking and Insurance Association, said that at present, the real estate financial policy has not been adjusted and changed. It is still a "one city, one policy". According to its own situation, the locality can do so without violating the large policy framework arrangement. He said that the China Banking Regulatory Commission will also dynamically monitor the real estate financing situation.
In this regard, the Kerer Research Center stated that this indicates that the determination of the central government to regulate real estate will not fundamentally change due to the short-term epidemic pressure, and the main tone of the policy of "do not live in real estate" has not changed. (Zhongxin Jingwei APP)
Zhongxin Jingwei Copyright is reserved. No unit or individual may reproduce, extract or use it in other ways without written authorization.