Eight cities in one month! Multiple locations in Guangdong intensively optimize housing provident fund policies

On March 26, according to the Guangdong Provincial Housing and Urban-Rural Development Department, recently, Guangdong Province has been vigorously promoting the introduction of housing provident fund policies and measures. In the past month, eight cities including Shenzhen, Huizhou, Zhongshan, Jiangmen, Yangjiang, Zhaoqing, Qingyuan, and Yunfu have released new policy measures.

The specific measures include: increasing the housing provident fund loan limits, strengthening support for families with multiple children, purchasing green buildings or prefabricated residential buildings, relaxing the application conditions for converting commercial personal housing loans to housing provident fund personal housing loans (hereinafter referred to as “commercial to public”), fully leveraging the role of the housing provident fund in supporting housing consumption, and alleviating the financial burden of homebuyers.

Guangdong’s 8 cities optimize housing provident fund policies

On March 26, according to the Guangdong Provincial Housing and Urban-Rural Development Department, recently, Guangdong Province has been vigorously promoting the introduction of housing provident fund policies and measures. Many cities are actively adjusting and increasing housing provident fund loan limits, strengthening support for families with multiple children, purchasing green buildings or prefabricated residential buildings, relaxing the application conditions for “commercial to public,” and fully leveraging the role of the housing provident fund in supporting housing consumption, thereby alleviating the financial burden of homebuyers. In the past month, eight cities including Shenzhen, Huizhou, Zhongshan, Jiangmen, Yangjiang, Zhaoqing, Qingyuan, and Yunfu have released new policy measures.

Among them, in terms of adjusting management methods and expanding coverage, the city of Shenzhen has revised and released the “Shenzhen Housing Provident Fund Management Measures,” clarifying that individual business operators, freelancers, and other flexible employment personnel can contribute to and use the housing provident fund; employees can voluntarily increase their personal contribution ratio based on the proportion set by their units, up to a maximum of 12%. Huizhou has relaxed the application conditions for “commercial to public,” relieving the repayment pressure on contributors.

In terms of increasing support and raising loan limits, the maximum limit for personal housing loans from the housing provident fund for first-time homebuyers in Huizhou has been adjusted to 900,000 yuan for dual contributors and 500,000 yuan for single contributors; in Jiangmen, the maximum loan limit for purchasing a first home has been adjusted to 800,000 yuan for dual contributors and 400,000 yuan for single contributors; in Yangjiang, eligible dual contributors can apply for a maximum loan limit of 750,000 yuan, and single contributors 500,000 yuan; in Zhaoqing, dual contributors can reach a maximum loan limit of 800,000 yuan, and single contributors 500,000 yuan; in Qingyuan, the maximum loan limit for housing provident fund loans for dual contributors can reach 700,000 yuan, and single contributors 500,000 yuan.

Additionally, many cities have multiple overlapping policies to meet various needs. For example, in Huizhou, families with multiple children can receive a maximum increase of 20%, reaching up to 1,080,000 yuan; in Zhongshan, the down payment ratio for second-hand houses (frame structures) has been adjusted to a minimum of 20%, and the loan limit for purchasing newly built green residential buildings can be increased by up to 20%; in Jiangmen, families with multiple children purchasing their first home can borrow up to 1,400,000 yuan; in Yangjiang, the maximum loan limit for purchasing prefabricated residential buildings can be increased by another 20%; in Zhaoqing, families with multiple children can increase the maximum loan limit by up to 150,000 yuan, reaching up to 950,000 yuan; in Qingyuan, families with multiple children can increase the maximum limit by 100,000 yuan, and the loan limit for purchasing newly built green residential buildings can be increased by up to 20%, with a maximum loan of 960,000 yuan; in Yunfu, purchasing newly built residential projects that meet the “good house” standard, one-star or above green buildings, or prefabricated residential buildings can increase the loan limit by 20%.

Over 30 regions nationwide optimize housing provident fund policies

According to incomplete statistics from the China Index Academy, since the beginning of this year, over 30 regions nationwide have adjusted and optimized housing provident fund loan policies. Among the various policy adjustments that have been implemented, the number of adjustments related to housing provident fund loans is the highest, making it an important means for local governments to optimize policies and promote housing consumption.

Recently, many regions have started adjusting housing provident fund loan policies by expanding the range of fund withdrawal and usage. For example, prior support in Shenzhen includes covering deed taxes and other fees, in Suzhou supporting property management fees, and in Fujian supporting renovation costs and purchasing parking spaces, covering multiple aspects of housing consumption.

The China Index Academy believes that expanding the range of housing provident fund withdrawals can effectively enhance the efficiency of housing provident fund usage, reduce residents’ housing consumption costs, and promote the release of housing consumption vitality. The trend of promoting housing consumption through adjustments to housing provident fund policies is expected to strengthen further.

It is worth noting that the government’s work report this year explicitly proposed “deepening the reform of the housing provident fund system.” The China Index Academy anticipates that by 2026, housing provident fund policies will become more detailed, with flexible adjustments to contribution policies (expanding coverage) and improving fund utilization efficiency being focal points of policy adjustments, further enhancing the role of the housing provident fund in benefiting people’s livelihoods and stabilizing the market.