Cities with relatively hot property markets such as Beijing, Guangzhou, Shanghai, and Hangzhou now do not accept provident fund loans, because for developers, commercial loans are paid back faster than provident funds, so developers will be more inclined for commercial loans. However, the current residential market in Hangzhou is quite crazy. Many properties in the main urban area do not even accept loans and require full payment.

For second-hand houses, in fact, the demands of second-hand house sellers and developers are the same, so there are currently relatively few second-hand houses that accept provident fund loans. Nowadays, it is common in Hangzhou that the first-hand and second-hand houses are upside down. Because new houses are new, the price of many second-hand houses is higher than that of new houses.