The use of housing provident fund is more flexible
New changes have been made to the housing provident fund policy.
Recently, the General Office of the State Council issued a document emphasizing support for housing provident funds for renting and so on.
During the same period, many cities across the country adjusted their housing provident fund policies: some raised the quota of provident fund loans; some cancelled the provision of “choose one of withdrawal and loan”; The group's home purchase cost will effectively boost market confidence, and will work with other "stabilizing the property market" policies to jointly promote the healthy development of the real estate market.
Higher amount, lower cost for home buyers
Compared with commercial loans, housing provident fund loans have lower interest rates, so they are favored by many home buyers.
Taking Beijing as an example, in 2021, the Beijing area will issue 94,154 housing provident fund personal housing loans with a value of 72.399 billion yuan, an increase of 13.5% and 15.3% year-on-year respectively, and the interest rate is about 2 percentage points lower than that of commercial loans. purchase cost.
To meet the new needs of home buyers, since this year, the provident fund loan quota has been increased in many places across the country.
Zhou Huan works in a logistics company in Ningbo City, Zhejiang Province.
Last year, he and his wife welcomed their second child.
"Before Er Bao was born, my daughter-in-law and I had been renting a house with the eldest son. Now that we have the second child, it is not convenient to rent a house. We plan to buy a suite in Ningbo." Zhou Huan said, "Just in time for the new policy in Ningbo this year, there are For families with two or three children, as long as the provident fund has been paid for two years and the first housing provident fund is satisfied, the maximum loan amount has been increased from the previous 600,000 yuan to 800,000 yuan, which is a good thing for us." Jiaxing, Zhejiang Province The city also proposes that for employees who normally pay housing provident funds in the city and apply for a housing provident fund loan for the first time to buy a family's first self-occupied house, the maximum loan amount for a single person will be raised from 300,000 yuan to 400,000 yuan, and the maximum loan amount for two people and above. From 600,000 yuan to 800,000 yuan.
Nanning, Guangxi has made it clear that starting from June 1 this year, the maximum amount of provident fund loans for the first home will be adjusted to 800,000 yuan, and the maximum amount of provident fund loans for the second home will be adjusted to 700,000 yuan.
Some cities have adjusted the down payment ratio for housing provident fund loans.
Linyi City, Shandong Province has issued new regulations, clarifying that if both employees and husbands have paid the housing provident fund in full, the upper limit of the provident fund loan for the purchase of self-occupied housing has been increased from the current 500,000 yuan to 600,000 yuan, and the second set of improved housing provident fund loans are down payment. The payment ratio was reduced from 40% to 30%.
Jingzhou City, Hubei Province also lowered the down payment ratio for second-home provident fund loans from 40% to 30%, and canceled the rule that "personal housing provident fund withdrawals and loans can only be chosen from one to the other", expanding the supply of provident fund funds for home buyers.
Some cities have relaxed the construction period limit for houses purchased with housing provident fund loans.
The new regulations implemented in Luzhou City, Sichuan Province on May 1 stipulate that if applying for a housing provident fund loan for re-trading housing (second-hand housing), the construction period of the house purchased by the employee's family shall not exceed 20 years, and the sum of the age of the house and the loan period shall not exceed 20 years. 40 years, and the loan term does not exceed the remaining land use right term of the purchased house.
Harbin City, Heilongjiang Province proposed to relax the housing provident fund loan age limit for second-hand housing from 20 years to 30 years, and the sum of the loan term and housing age should not exceed 50 years.
"For the real estate industry, whether it is consumers, developers or operators, it needs a lot of money." Zhao Xiuchi, a researcher at the Capital University of Economics and Business Research Institute of Megacity Economics and Social Research, said that relaxing the housing provident fund loan policy will help consumers buy houses. It is also conducive to reducing the cost pressure on developers and operators, so as to achieve a virtuous circle and sustainable development.
More uses, wider beneficiaries
In addition to borrowing to buy a house, the housing provident fund can also be withdrawn to pay house rent to meet the needs of renters.
Xiao Zhu rented a one-bedroom, one-bedroom house in Yuzhong District, Chongqing, with a monthly rent of more than 1,000 yuan.
"I heard from my colleagues that the provident fund can be used for renting, so I went to apply." Xiao Zhu told reporters that the application form for the withdrawal of provident fund to pay for renting expenses, the summary form of the unit for batch withdrawal of provident fund and other materials were handed over to the unit for stamping. , and then hand it over to the local provident fund management center, and the provident fund can be withdrawn.
"I applied for a withdrawal of more than 10,000 yuan, and it arrived on the same day."
The reporter inquired about the "Housing Provident Fund Management Regulations" and found that in addition to the common purchase of self-occupied housing, provident funds can also be withdrawn for the construction, renovation and overhaul of self-occupied housing.
In recent years, some cities have introduced new policies, clarifying that employees can withdraw housing provident funds for the renovation of old communities.
For example, Guizhou Province has introduced policies to support employees' families whose residential areas are included in the renovation of local old residential areas to withdraw housing provident funds for the installation of elevators, reinforcement of house structures, addition of security facilities, repair of doors and windows, and indoor water (electricity, gas) pipelines and other housing renovations .
From May to December last year, Guizhou Province handled a total of 124 withdrawals, with a withdrawal amount of 5.1383 million yuan.
The "Changsha Housing Provident Fund Annual Report 2021" shows that in 2021, the Changsha Housing Provident Fund in Hunan Province will support a total of 290 worker families to withdraw 15.571 million yuan from the housing provident fund, which will be used to add elevators to existing residences and support the renovation of old communities.
According to the "2021 Annual Report of Xiamen Housing Provident Fund", at the end of 2021, Xiamen City, Fujian Province supported a total of 1,326 housing provident fund withdrawals for the retrofitting of old residential buildings and the renovation of old elevators, with an amount of 67.1519 million yuan.
"The establishment of the housing provident fund system is to solve housing problems. Whether it is rental housing or renovation of old communities, it is a solution to housing problems. It is the proper purpose of housing provident funds, and it is consistent with the regulations on the management of housing provident funds." Zhao Xiuchi said.
However, due to the lack of detailed provisions and insufficient support for the withdrawal of housing provident funds for rental housing and renovation of old communities, such as rental housing expenditures exceeding 5% of income can only be withdrawn, resulting in a relatively low proportion of such provident fund consumption.
A few days ago, the General Office of the State Council issued the "Opinions on Further Unleashing Consumption Potential and Promoting the Sustained Recovery of Consumption", proposing a reasonable increase in public consumption, emphasizing "support depositors to withdraw housing provident funds for rental housing, and continue to support residents of old urban communities to withdraw housing provident funds. It is used for the renovation of self-occupied housing such as the installation of elevators.”
Experts believe that this is conducive to rationally expanding the use of provident funds and will bring more convenience to the public.
More convenient, help the healthy development of the property market
The procedures for handling provident funds are also becoming increasingly simplified and convenient.
After living in Foshan City, Guangdong Province for more than a year, Li Jing resigned from her previous job and went to work in Hangzhou City, Zhejiang Province.
Considering the need to buy a house, she recently transferred the provident fund from her previous workplace to her existing account.
"Click 'Transfer and Continue' in the 'National Housing Provident Fund' applet and simply fill in the personal information to complete the process. The transfer was successful in two days. I didn't expect it to be so fast."
Checking the balance of provident fund, calculating housing loan, transferring provident fund funds in different places... In the second half of last year, the "National Housing Provident Fund" applet was launched.
Depositors can handle a large number of transactions on their mobile phones without leaving their homes.
As of February this year, 6,460 offline special windows and 1,364 online special areas have been set up for the "inter-provincial general service" business, and more than 23.3 million transactions have been handled through the whole process of online office, collection agency and joint office between the two places. .
Experts believe that the recent adjustments to the housing provident fund system are conducive to promoting the healthy development of the real estate industry.
"On the one hand, the adjustment of the provident fund policy reduces the cost of buying a house for consumers and expands the use of the housing provident fund." Zhao Xiuchi said, "On the other hand, the adjustment of the policy can have an impact on social expectations and help improve consumers' awareness of the health of the property market. This will expand the effective demand and promote the sustainable development of the real estate industry.” In addition, most of the areas where the new housing provident fund policy has recently been introduced belong to second-, third-, and fourth-tier cities, where the property market is relatively sluggish, and the introduction of the new policy is conducive to Promote the development of the local real estate industry.
The reporter noticed that in addition to adjusting the housing provident fund policy, since the beginning of this year, various "stabilizing the property market" policies have been successively introduced in many places across the country, covering reduction of down payments, loose credit, reduction and exemption of subsidized deed tax, and subsidies for attracting talents to purchase houses.
A few days ago, the People's Bank of China and the State Administration of Foreign Exchange issued the "Notice on Doing a Good Job in Financial Services for Epidemic Prevention and Control and Economic and Social Development", clarifying that differentiated housing credit policies should be implemented according to city-specific policies, and the commercial individual housing loans within the jurisdiction should be reasonably determined. The minimum down payment ratio and the minimum loan interest rate requirements can better meet the reasonable housing needs of home buyers.
How can we ensure that the real estate market continues to function smoothly?
Ni Hong, deputy minister of the Ministry of Housing and Urban-Rural Development, said that the long-term mechanism for real estate will be implemented prudently to ensure rigid housing demand, meet reasonable demand for improved housing, continue to stabilize land prices, house prices, and expectations, and implement city-specific policies to promote a virtuous circle of the real estate industry and healthy development.
Liao Ruiling