调整限购，上海楼市大招来了！地产股大涨，万科时隔半年涨停

Core Viewpoint - Shanghai's government has announced a series of policy adjustments aimed at optimizing the real estate market to better meet residents' housing needs and promote stable development, effective from August 26, 2025 [1] Group 1: Housing Purchase Policy Adjustments - The housing purchase limit will be relaxed, allowing eligible residents to buy an unlimited number of homes outside the outer ring road, while limiting purchases to two homes within the inner ring for local residents [2] - Non-local residents can also purchase unlimited homes outside the outer ring if they have paid social insurance or income tax in Shanghai for at least one year, and are limited to one home within the inner ring if they have paid for three years [2] Group 2: Housing Provident Fund Policy Optimization - The maximum loan amount for housing provident fund loans will increase by 15% for those purchasing new green buildings rated two stars or above, with the first loan limit rising from 1.6 million to 1.84 million yuan [3] - Families with multiple children can have their first loan limit increased from 1.92 million to 2.16 million yuan, while the second loan limit will rise from 1.3 million to 1.495 million yuan [3] - Homebuyers can withdraw their provident fund to pay for the down payment without affecting their loan eligibility [3] Group 3: Personal Housing Loan Interest Rate Mechanism - The interest rate pricing mechanism for personal housing loans will be optimized, eliminating the distinction between first and second homes, allowing banks to set rates based on market conditions and individual risk profiles [4] Group 4: Property Tax Policy Improvements - Non-local residents purchasing their first home will be exempt from property tax, while those buying a second home will receive a tax deduction based on an average of 60 square meters per family [5] - This property tax policy will take effect from January 1, 2025, for eligible buyers [5] Group 5: Market Reaction - Following the announcement, real estate stocks surged, with Vanke A hitting a trading limit for the first time in six months, and several other companies also experiencing significant gains [13][14]