On June 8th, Guangzhou Housing Provident Fund Management Center launched a new version of "Guangzhou Housing Provident Fund Individual Housing Loan Implementation Measures" (hereinafter referred to as the "new implementation measures"). The New Deal further supported the introduction of talents, increased the situation of not granting loans and extended the maximum term of second-hand housing loans.

Experts pointed out that Guangzhou's new provident fund loan policy not only increased convenience, but also ensured the just-needed and reasonable demand for housing, and also did a good job in risk prevention. It is expected that the revision work similar to that in Guangzhou will increase in the follow-up places to promote the organic connection between the provident fund loan policy and the housing market reform policy.

Guangzhou Releases New Version of Housing Provident Fund Personal Housing Loan

Guangzhou Housing Provident Fund Management Center pointed out that in recent years, the state, provinces and municipalities have issued a series of housing provident fund loan policies, and some provisions of the original "Guangzhou Housing Provident Fund Individual Housing Loan Implementation Measures" (hereinafter referred to as the "original implementation measures") have not adapted to the new situation and new requirements. In order to prevent loan risks, improve the public service level of housing provident fund in our city, and make it convenient for paid workers to fully grasp and understand the housing provident fund loan policy in our city, our center has integrated and revised the main terms of existing housing provident fund loans in line with the orientation of "insisting that houses are used for living, not for speculation" and combining the opinions of relevant units and the public, forming a new "Implementation Measures".

Compared with the current housing provident fund loan policy in Guangzhou, the new "Implementation Measures" mainly has four changes:

1. Support talent introduction. On the premise of conforming to Guangzhou's talent purchase policy, employees holding talent green cards or district talent green cards who apply for housing provident fund loans will enjoy the treatment of registered employees in this city.

2. Increase the issuance of housing provident fund loans for retired soldiers.

3. Increase the situation of not granting loans and prevent loan risks. Including: the house is used as a villa, the house is an independent house, and only part of the property right share of the house is purchased (except the property right house).

4. The longest term of second-hand housing loans is adjusted from 20 years to 30 years according to the regulations of other provident fund centers and commercial banks, and the building age plus loan period is adjusted from no more than 40 years to 50 years.

Yan Yuejin, research director of think tank center of Yiju Research Institute, told China, a brokerage firm, that the provident fund loan policy is actually two lines. The first is to increase convenience and try to ensure the just-needed and reasonable housing demand. This time, Guangzhou also mentioned the relevant treatment of relevant talents paying provident fund and using provident fund, which helps to protect the rights and interests of buyers. The second is to restrict some loans, not only to prevent liquidity risks, but also to combat the demand for real estate speculation. Judging from the actual process, provident fund loans for some villas and other projects should not be issued, which violates the orientation of the provident fund itself.

Note: The loanable amount of provident fund should meet four conditions.

The new "Implementation Measures" clarify that the loanable amount of individual housing provident fund shall meet the following requirements at the same time:

(a) not higher than the balance of the provident fund deposit account * the amount paid in August * the number of months from retirement age.

(two) not higher than the maximum amount of housing provident fund loans in our city. The maximum amount shall be promulgated and implemented by the Municipal Housing Provident Fund Management Committee according to the social and economic development of our city.

(3) Not higher than the total purchase price ×( 1- minimum down payment ratio). If the purchased house is a first-hand house, the total purchase price shall be subject to the contract price of online house sales; If the purchased house is a stock house (second-hand house), the total purchase price of the house with property rights shall be subject to the total price agreed in the house sales contract, and the total purchase price of other houses shall be subject to the lower of the online contract price of house sales and the house verification (evaluation) price.

(four) the monthly repayment amount of housing provident fund loans calculated according to the loan amount shall not exceed 50% of the applicant's family income. The income of paid employees is determined according to the following standards: if the deposit base of housing provident fund does not reach the upper limit of the deposit base at that time in this city, its personal income will be based on the deposit base; If the deposit base reaches the upper limit, the personal income shall be based on the higher value between the deposit base and the salary, and the salary shall be based on the amount registered by the paid employees in the provident fund center.

In addition, Guangzhou Housing Provident Fund Management Center summarized the minimum down payment ratio when applying for housing provident fund loans:

Shenzhen started the preparatory work for the revision of the Regulations on the Management of Housing Provident Fund Loans.

It is worth noting that following Guangzhou's release of the new version of the "Measures for the Implementation of Individual Housing Loans of Guangzhou Housing Provident Fund", Shenzhen also announced on the same day that it would start the preparatory work for the revision of the Regulations on the Management of Housing Provident Fund Loans.

It is reported that the Regulations on the Management of Housing Provident Fund Loans in Shenzhen will expire in September 2022, and the preparation for revision has been started. Shenzhen Housing Provident Fund Management Center conducted public bidding for the project "Research on Optimizing and Perfecting the Management Regulations of Housing Provident Fund Loans in Shenzhen". Combined with the characteristics of Shenzhen real estate market, economic development level and housing loan demand, this paper makes a comprehensive analysis of the implementation of Shenzhen housing provident fund loan system. Combined with the reform direction of the national housing provident fund system, this paper puts forward the concrete optimization scheme and perfect path to build a housing provident fund loan system that is more in line with Shenzhen's reality.

Wang Zeng, Party Secretary and Minister of the Ministry of Housing and Urban-Rural Development, issued a document pointing out that the housing provident fund system should be reformed and improved. Expand the scope of deposits to cover new citizens. Optimize the use policy and provide financial support for the development of rental housing and the transformation of old urban communities. Further strengthen the informatization construction of housing provident fund management and improve the level of supervision services.

Yan Yuejin told reporters that similar to the revision work in Guangzhou and Shenzhen, it is expected that all localities will increase. All localities will combine the actual situation of the real estate market to truly form a better development of provident fund loans, which can promote the organic connection between the provident fund loan policy and the housing reform policy.

(The original title is "Guangzhou housing provident fund loan policy has changed, and loans will not be granted under these circumstances ... and there will be new changes in Shenzhen")