The Hebei Provincial Department of Housing, Urban-Rural Development, in conjunction with the Provincial Department of Finance and five other departments, issued “Certain Measures to Further Promote the Stable and Healthy Development of the Real Estate Market”. The “Certain Measures” clearly abolish the lower limit of the interest rate policy for commercial personal housing loans for the first home and the second home, unify the minimum down payment ratio for commercial personal housing loans for the first home and second home at 15%, and carry out direct payment services to withdraw housing provident funds to purchase newly built commercial housing in conjunction with local reality to reduce the financial pressure on buyers. If a depositary employee uses a personal housing loan from the Housing Provident Fund to purchase affordable housing, the minimum down payment ratio is 15%.

The Hebei Provincial Department of Housing, Urban-Rural Development, in conjunction with the Provincial Department of Finance and five other departments, issued “Certain Measures to Further Promote the Stable and Healthy Development of the Real Estate Market”. The “Certain Measures” clearly abolish the lower limit of the interest rate policy for commercial personal housing loans for the first home and the second home, unify the minimum down payment ratio for commercial personal housing loans for the first home and second home at 15%, and carry out direct payment services to withdraw housing provident funds to purchase newly built commercial housing in conjunction with local reality to reduce the financial pressure on buyers. If a depositary employee uses a personal housing loan from the Housing Provident Fund to purchase affordable housing, the minimum down payment ratio is 15%.