The waiting system is a system of waiting in turn.

In order to make the reserve funds in the provident fund account have sufficient protection, the provident fund management center will limit the number of places to apply for provident fund loans every month according to the actual situation. Those who exceed the quota limit will queue up in the system and wait until next month to lend money.

As a result, there will be an increasing backlog of application places, and it is normal for many applicants to wait for 3-4 months to lend money. Only a few mega-cities in China, such as Beijing and Shenzhen, have established this comprehensive waiting system.

Extended information

The "waiting system" originated in Singapore. Zeng Yixin, deputy director of the Housing Development Board of Singapore, said that the core of the system is to accept citizens' applications before developing and building affordable housing (known as HDB in Singapore), and then conduct qualification examination, and sort the applicants who have passed the qualification examination in order. After the HDB is completed, seek personal opinions and allocate affordable housing in order.

Prior to this, only Beijing and other mega-cities in mainland China initially established the "waiting list system". An authoritative source close to the Ministry of Housing and Urban-Rural Development said that after the two senior leaders in the State Council gave instructions and forwarded the report, they also conveyed the spirit to the local government at the recently held coordination meeting on affordable housing projects, demanding that the "waiting system" be established and improved as soon as possible.

Baidu Encyclopedia-Waiting System