苏州楼市新政：优化公积金使用次数，可付物业费

Core Viewpoint - Suzhou's new housing policy aims to lower the threshold and cost for first-time and upgrading homebuyers, while expanding the usage scenarios of housing provident funds to enhance fund efficiency and alleviate household financial pressure [2][4]. Policy Changes - The new policy, effective from September 1, 2025, includes a reduction in the down payment ratio for first and second homes to no less than 15% of the total housing price [1]. - The policy allows for the deduction of housing provident fund usage times if the original loaned property has been sold [1]. - Homeowners can now withdraw housing provident funds to pay property management fees, provided there have been no withdrawals in the past 12 months [1]. Market Impact - Analysts suggest that the policy will stimulate housing consumption and improve resource allocation, particularly as the traditional peak sales season approaches [2][4]. - The policy is part of a broader trend where multiple cities are implementing similar measures to boost their real estate markets [3]. Broader Context - The new policies reflect a nationwide trend of easing restrictions, with cities like Beijing and Qionghai also adjusting their housing policies to stimulate market activity [3]. - The combination of low interest rates and reduced down payments is expected to significantly lower the barriers for homebuyers [3][5]. Market Performance - Recent data indicates a decline in Suzhou's housing market, with significant drops in both transaction volume and prices, highlighting the need for such policy interventions [5]. - In contrast, non-core cities like Qionghai continue to experience sluggish sales, emphasizing the varying impacts of these policies across different regions [5]. Future Outlook - The use of housing provident funds is expected to deepen, with further policy enhancements anticipated to support market activity [6]. - The real estate market is gradually returning to rationality, with expectations for continued support from both consumption and supply-side policies [6].