The General Office of the People's Government of Hubei Province issued “Certain Measures to Promote Stable, Moderate and Positive Economy by Combining the Length of the Third and Fourth Quarter in Hubei Province”, which proposes to promote the steady and healthy development of the real estate industry. All municipalities are encouraged to vigorously carry out activities during the golden autumn home buying season and implement housing purchase subsidies in conjunction with actual practice. Support municipalities to optimize the housing unit certification standards for commercial personal housing loans. The first newly built commercial housing purchased locally within 2026 will be certified according to the family's first housing unit. Increase the amount of provident fund loans. For families with many children and first-time families purchasing their own housing and applying for a housing provident fund loan, the maximum loan amount will increase by no less than 30%. It can be calculated by superimposing the increase in the amount of housing provident fund loans for purchasing “good houses”, high-quality homes, existing housing sales projects, and prefabricated homes. The maximum superposition ratio is determined comprehensively by each city. Guide all regions to include self-housing renovation and property expenses in the scope of withdrawing funds from the Provident Fund, and encourage all regions to include contract tax for newly built commercial housing and special residential maintenance funds in the scope of withdrawal according to the flow of housing provident fund funds.

Zhitongcaijing · 2d ago
The General Office of the People's Government of Hubei Province issued “Certain Measures to Promote Stable, Moderate and Positive Economy by Combining the Length of the Third and Fourth Quarter in Hubei Province”, which proposes to promote the steady and healthy development of the real estate industry. All municipalities are encouraged to vigorously carry out activities during the golden autumn home buying season and implement housing purchase subsidies in conjunction with actual practice. Support municipalities to optimize the housing unit certification standards for commercial personal housing loans. The first newly built commercial housing purchased locally within 2026 will be certified according to the family's first housing unit. Increase the amount of provident fund loans. For families with many children and first-time families purchasing their own housing and applying for a housing provident fund loan, the maximum loan amount will increase by no less than 30%. It can be calculated by superimposing the increase in the amount of housing provident fund loans for purchasing “good houses”, high-quality homes, existing housing sales projects, and prefabricated homes. The maximum superposition ratio is determined comprehensively by each city. Guide all regions to include self-housing renovation and property expenses in the scope of withdrawing funds from the Provident Fund, and encourage all regions to include contract tax for newly built commercial housing and special residential maintenance funds in the scope of withdrawal according to the flow of housing provident fund funds.