Hainan: Starting April 1, depositors' children purchasing their first home can apply to withdraw housing provident fund to pay for the house.

MetaMuskRat · 2026-04-02T12:18:04+00:00

People's Financial News, March 31 — The Hainan Provincial Housing Provident Fund Management Bureau issued a notice regarding the implementation of the housing provident fund withdrawal process for the children of housing fund contributors to purchase homes. The notice states that if the contributor's family has no outstanding housing provident fund loans (including interest subsidy loans) in Hainan Province, their children can apply to withdraw housing provident funds to pay for their first home in Hainan Province (newly built commercial housing or second-hand self-occupied housing) starting from April 1, 2026. The withdrawal can be made within one year of the registration of the new property purchase contract or within one year of obtaining the property ownership certificate for the second-hand home.

MetaMuskRat

2026-04-02 12:18:04

People’s Finance Network, March 31—The Hainan Provincial Housing Provident Fund Management Bureau issued a notice on carrying out the housing provident fund withdrawal business for housing purchases by the children of housing provident fund depositors. The notice states that if a depositor’s family in Hainan Province has no outstanding housing provident fund loan (including subsidized-interest loans), and their children purchase the family’s first home in Hainan Province starting on April 1, 2026 (new commercial residential housing or secondhand owner-occupied housing), then within one year from the date the purchase contract for the newly built commercial home is registered and filed, or within one year from the date the secondhand home obtains the real estate ownership certificate, the depositor may apply to withdraw the housing provident fund to pay for the home purchase.

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