Buyers in many parts of China are once again welcoming the benefits of “reducing the burden.” Recently, new provident fund policies have been issued in many places to support the conversion of commercial personal housing loans to housing provident fund loans. Since interest rates on provident fund loans are lower, this move can save buyers a relatively considerable amount of interest expenses. Since last year, dozens of cities, including Chengdu, Chongqing, Taiyuan, and Zhengzhou, have introduced policies to support “business-to-public” loans. Li Yujia, chief researcher at the Guangdong Housing Policy Research Center, pointed out that this reflects a shift in real estate policies, that is, a shift from traditional demand stimulation to promoting consumption, benefiting people's livelihood, and reducing costs, including holding fairs in various regions, encouraging “trade-in”, urban renewal to make up shortcomings, and optimizing provident fund policies. This shift is also in line with the trend of housing returning to residential attributes. Since this year, provident fund optimization policies have been released intensively in various regions. Among them, lowering loan thresholds, raising loan amounts, broadening usage scenarios, and expanding coverage groups are the focus of policy adjustments.

Buyers in many parts of China are once again welcoming the benefits of “reducing the burden.” Recently, new provident fund policies have been issued in many places to support the conversion of commercial personal housing loans to housing provident fund loans. Since interest rates on provident fund loans are lower, this move can save buyers a relatively considerable amount of interest expenses. Since last year, dozens of cities, including Chengdu, Chongqing, Taiyuan, and Zhengzhou, have introduced policies to support “business-to-public” loans. Li Yujia, chief researcher at the Guangdong Housing Policy Research Center, pointed out that this reflects a shift in real estate policies, that is, a shift from traditional demand stimulation to promoting consumption, benefiting people's livelihood, and reducing costs, including holding fairs in various regions, encouraging “trade-in”, urban renewal to make up shortcomings, and optimizing provident fund policies. This shift is also in line with the trend of housing returning to residential attributes. Since this year, provident fund optimization policies have been released intensively in various regions. Among them, lowering loan thresholds, raising loan amounts, broadening usage scenarios, and expanding coverage groups are the focus of policy adjustments.