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Ministry of Finance releases major measures to stabilize the real estate market: Special bonds can be used to purchase existing properties, optimizing related tax policies.
1. Following the People's Bank of China and other three financial ministries, the Ministry of Finance has also released a major policy favorable to the stability of the real estate market; 2. Specifically, the Ministry of Finance has outlined the future direction of real estate financial policies from three aspects, namely allowing special bonds to be used for land reserves, allowing special bonds to purchase existing houses, and optimizing and improving relevant tax policies.
Up to 1 million yuan! Qingdao and Quanzhou have increased the housing provident fund loan amount today. In October, six cities have implemented preferential housing loan policies.
①Today, Qingdao and Quanzhou have announced further optimization measures for real estate, including unifying the minimum down payment ratio for housing loans and increasing the maximum amount of housing provident fund loans. Since October, many places have also optimized housing provident fund crediting policies. ②Industry insiders believe that the current financial policies are relatively loose, playing an important role in boosting real estate trade.
Unified lowered to LPR-30BP! The reduction of existing house loan interest rates is imminent, and ICBC has already "spoiled" the schedule.
How much money can be saved after the adjustment?
Ke Holdings Research Institute: During the National Day holiday, the transaction volume of second-hand houses in the top 50 cities is close to double that of the same period last year.
In May 2024, the new policy "517" for the real estate market was implemented, with the average commercial loan interest rate for first homes in one hundred cities dropping to 3.45%, and the average rate for second homes dropping to 3.90%.
New home and second-hand home sales have significantly rebounded, showing signs of recovery in the Hong Kong property market amid interest rate cuts and stock market recovery.
In the first week of October, the sales volume of second-hand houses in Hong Kong skyrocketed by 60% compared to the previous week, reaching the highest level in six months. Jefferies Financial expects that the Hong Kong real estate market is expected to bottom out, with next year's house price growth expected to be in the single digits; but there are also views that in the case of excessive housing inventory and weak economic growth, the recovery of the Hong Kong property market remains challenging.
There's No Escaping Greentown China Holdings Limited's (HKG:3900) Muted Earnings Despite A 35% Share Price Rise
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