Trending Industry Today: SHIMAO GROUP Leads Losses In China Mainland Real Estate Stocks

Moomoo NewsOct 2 22:00 ET

Kerui: Real estate sets the tone for 'stabilizing and rebounding.'

The Central Political Bureau meeting of the Communist Party of China pointed out that it is necessary to reduce the reserve requirement ratio, implement a substantial interest rate cut, and adjust down housing transaction taxes and fees. In this round, various types of taxes and fees related to housing transactions such as deed tax, value-added tax, personal income tax, etc. are reduced or exempted to promote housing consumption. For example, individuals purchasing the only residence are exempt from deed tax, while families purchasing the second or large-area improvement housing are eligible for a partial deed tax reduction. Additionally, measures such as shortening the duration of value-added tax and personal income tax exemption for housing transactions.

wallstreetcnSep 26 02:53 ET

Trending Industry Today: SUNAC Leads Gains In China Mainland Real Estate Stocks

Moomoo NewsSep 24 03:50 ET

Expected to benefit 0.15 billion people, the new round of reduction in existing home loan interest rates is expected to come. Industry insiders: there is also a significant downward space for future newly issued housing loan interest rates.

①The most direct positive effect of lowering the interest rate for existing housing loans is to reduce the debt pressure of existing housing loan holders, lower the demand for early repayment, and may encourage these residents to increase investment or consumer spending in other areas. ②At the same time, the new policy also provides more preferential policies for homebuyers, hoping to lower the threshold for home purchase, reduce the cost of home purchase, and better meet the needs of rigid and improved housing.

cls.cnSep 24 01:20 ET

How do you view the current real estate crediting support policies? Industry insiders: the significant differentiation characteristics are very prominent, and there is still a need to promote cross-bank mortgage conversions.

The central bank's intention is very clear, that is, to provide targeted and differentiated credit support policies for different groups of people. The reduction in down payment ratio is mainly aimed at middle-income homebuyers, while the policy of refinancing for affordable housing is mainly targeted at low-income individuals. Despite previous market voices suggesting that lowering existing home mortgage loans and changing mortgage types violates the spirit of contracts, from the current economic situation, such practices can reduce economic pressure on residents and indeed have the necessary implementation.

cls.cnSep 24 01:03 ET

Existing home loan interest rates are about to be lowered by 50 basis points! Industry insiders: It can effectively curb the trend of early repayment, and deposit interest rates will be further reduced under the pressure of interest rate differentials.

1. The central bank announced that it will guide commercial banks to reduce existing mortgage rates to be close to the rates of new mortgages, with an average reduction of about 0.5 percentage points. 2. It is expected that the loan prime rate (LPR) and deposit rates will symmetrically decrease.

cls.cnSep 23 23:59 ET