广州楼市重磅！“商转公”新规征求意见

Core Viewpoint - The Guangzhou Housing Provident Fund Management Center has proposed a draft regulation allowing the conversion of commercial housing loans into pure provident fund loans, aimed at easing the financial burden on borrowers and expanding the use of housing provident funds [1][6]. Summary by Sections Implementation of the Regulation - The draft regulation outlines the process for converting outstanding commercial housing loans into housing provident fund loans, referred to as "commercial-to-provident fund loans" [1]. - The conversion will be initiated when the housing provident fund loan rate is below 75%, with preventive measures in place if the individual loan rate reaches 85% or higher, and a suspension of conversions if it reaches 90% or above [1][6]. Application Conditions - Applicants must meet eight specific conditions, including: 1. The original commercial loan must be for a self-occupied property within Guangzhou [2]. 2. The original commercial loan must have been disbursed for at least five years and have the lender's consent for conversion [2]. 3. The applicant must be the borrower and the sole owner of the property [2][3]. 4. The property must have a real estate ownership certificate [3]. 5. The property must not have any additional mortgage registrations or legal restrictions [3][4]. 6. The property must be the only residence of the applicant's family in Guangzhou [4]. 7. The original commercial loan must not have any overdue records in the past 24 months [4]. 8. The applicant must have contributed to the housing provident fund for at least 60 months [5]. Loan Amount and Terms - The loan amount for the conversion will be determined based on the current housing provident fund loan policies and cannot exceed the lesser of the original commercial loan balance and 60% of the total purchase price [5][6]. - If the available loan amount is insufficient to cover the original loan's principal and interest, the borrower must supplement the funds [6]. - The loan term for the converted loan will align with the original commercial loan's remaining term, with a combined maximum of 30 years for both loans [6]. Interest Rates - The interest rate for the converted loan will follow the rates published by the People's Bank of China for housing provident fund loans, with adjustments made annually based on changes in the rate [6]. Market Context - Recent adjustments in housing provident fund policies across various regions indicate a trend towards broadening the use of these funds, particularly benefiting first-time homebuyers and those seeking to upgrade their housing [6].