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<CN Home>Hangzhou: Min. Down Payment Ratio Unified at 15% from Tdy; Price Limit Requirement Ousted
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The Hangzhou Municipal Housing Security and Management Bureau issued a notice on further optimizing and adjusting real estate-related policies. For residential households that purchase a home with a loan, the notice stated that the commercial personal housing loan will no longer distinguish between the first and second homes, and the minimum down payment ratio will be unified at 15%, effective immediately. In terms of optimizing the housing provident fund loan policy, the maximum amount of housing provident fund loans for employee households purchasing a home is raised to RMB1.3 million, and the guaranteed minimum amount hiked to RMB200,000. The loan amount for purchasing newly built commodity housing recognized as green and low-carbon buildings can be increased by 20%. The down payment ratio for both the first and second home loans is not less than 20%. If a housing provident fund loan has been repaid, the related property can be recognized as a first home. In addition, the adjustment policy also includes the cancellation of price limit measures for newly granted land, beefing up support for home purchases through local policies, and promoting the expansion and efficiency of the real estate financing coordination “white list” and increasing the loan allocation for “white list” projects. AAStocks Financial News |
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