多地优化住房公积金政策 助力房地产市场止跌回稳

Core Viewpoint - The Guangzhou Housing Provident Fund Management Center has proposed a draft for the implementation of converting commercial housing loans to housing provident fund loans, which aims to alleviate the repayment pressure on homebuyers amid significant interest rate differentials between commercial and provident fund loans [1][2]. Group 1: Policy Adjustments - The "commercial to provident fund" policy has been supported and optimized by approximately 20 cities, including Chongqing and Shenyang, this year [1]. - In addition to the "commercial to provident fund" policy, various cities have made adjustments to increase loan limits, support the withdrawal of provident funds for down payments, and extend repayment periods [2]. - Over 150 measures related to housing provident fund policies have been introduced this year, including support for inter-city recognition of provident funds [2]. Group 2: Market Impact - The real estate market has shown signs of improvement due to ongoing policy support, with a reported decline in new residential inventory to 463 million square meters as of May 2025 [2]. - The expected sales area of new residential properties in 2025 is projected to be around 900 million square meters, influenced by factors such as household income and the supply of second-hand homes [2]. Group 3: Future Outlook - The real estate market is anticipated to continue adjusting and optimizing, with potential further relaxation of purchase and loan restrictions in certain cities to support families with multiple children and new residents [3]. - The supply side is expected to accelerate the construction of affordable housing and promote urban renewal, contributing to the stable and healthy development of the real estate market [3].