New guidelines for Hong Kong and Macao residents purchasing real estate in mainland cities in the Greater Bay Area
It is more convenient for Hong Kong and Macao residents to purchase and pay for houses
Guangzhou Daily (All Media Reporter Lin Xiaoli) On January 24, in order to promote the better integration of Hong Kong and Macao residents into the development of the mainland and facilitate the home purchase business of Hong Kong and Macao residents, the Guangdong Branch of the People's Bank of China and the Guangdong Branch of the State Administration of Foreign Exchange issued the "Hong Kong and Macao Residents" The "Guidelines for Facilitating Settlement and Payment for Purchasing Real Estate in Mainland Cities in the Guangdong-Hong Kong-Macao Greater Bay Area" (referred to as the "Guidelines") show that RMB funds remitted by Hong Kong and Macao residents to repay mortgage loans are not included in the maximum daily limit per person for remittances made by Hong Kong and Macao residents to mainland bank accounts with the same name. Quota management.
The "Guidelines" state that Hong Kong and Macao residents remit RMB or foreign currency from abroad to purchase houses, including deposits and security deposits, down payments, full payments, public maintenance funds, taxes related to house purchases, liquidated damages, etc.
The "Guidelines" state that Hong Kong and Macao residents can remit overseas RMB or foreign currency funds to domestic loan accounts to repay domestic mortgage loans (including monthly payments or early repayments).
After the lending bank conducts authenticity verification, it will transfer RMB funds not exceeding the monthly payment or early repayment scale (or transfer foreign currency funds after settlement) to the domestic loan accounts of Hong Kong and Macao residents.
Hong Kong and Macao residents should promise that the relevant funds will only be used to repay mortgage loans and shall not be used for other purposes.
Lending banks should monitor the use of relevant funds.
In addition, if the house purchase transaction of Hong Kong and Macao residents is unsuccessful (including Hong Kong and Macao residents voluntarily terminate or cancel the house purchase), the real estate development company or the second-hand house buyer and seller should return the corresponding house purchase money to the original method.
(Guangzhou Daily)