多地支持“商转公” 业务 持续为购房者减负

Core Viewpoint - The recent "commercial to public" (商转公) policies introduced in cities like Guangzhou and Shenyang aim to alleviate the financial burden on homebuyers by allowing them to convert existing commercial loans into lower-interest public housing loans, thereby enhancing market confidence and consumer capacity [1][2][3]. Group 1: Policy Implementation - Since 2025, nearly 20 cities, including Guangzhou and Shenyang, have announced or optimized supportive policies for "commercial to public" loan conversions [1]. - Guangzhou's proposed policy specifies that the conversion will be initiated when the housing provident fund loan rate is below 75%, allowing borrowers to switch from commercial loans with rates around 3.2% to public loans at 2.6%, resulting in reduced monthly payments and total interest [2]. - The policy details include that the loan amount for the conversion cannot exceed 60% of the total housing price and must be the only property owned by the applicant in the city [2]. Group 2: Market Impact - The introduction of "commercial to public" policies is seen as a response to declining housing market activity, with second-hand home transactions in Guangzhou dropping below 10,000 units and new home sales also declining [3]. - The policy is expected to stabilize market expectations and encourage housing consumption, particularly among young buyers and new residents who previously faced restrictions on using public loans [3][4]. Group 3: Broader Trends - Other cities have also optimized their "commercial to public" policies, such as Shenyang, which has removed certain restrictions on loan applications, thereby broadening the eligibility for more borrowers [4]. - The simplification of the application process and the introduction of direct conversion models are aimed at enhancing operational convenience for borrowers [4][5]. - Industry experts suggest that the ongoing optimization of these policies reflects a more pragmatic approach to housing loan regulations, potentially leading to wider adoption across more cities [6].