Mei Ri Jing Ji Xin Wen·2025-08-25 04:46Core Viewpoint - The Shanghai 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. These adjustments include reducing housing purchase restrictions, optimizing housing provident fund policies, adjusting personal housing loan interest rates, and improving property tax regulations. The new policies will take effect on August 26, 2025 [1][5]. Group 1: Housing Purchase Restrictions - The new policy reduces housing purchase restrictions, allowing eligible residents to buy an unlimited number of homes outside the outer ring road. This applies to both local residents and non-local residents who have paid social insurance or income tax in Shanghai for at least one year [2][5]. - Local residents and single adults can purchase an unlimited number of homes outside the outer ring road, while they are limited to two homes within the inner ring road. Non-local residents can buy without limit outside the outer ring road and are limited to one home within the inner ring road if they have paid social insurance or income tax for three years [2][5]. Group 2: Housing Provident Fund Policy - The policy enhances the housing provident fund support for home purchases. The maximum loan amount for first-time buyers of new green buildings is increased by 15%, with the maximum loan for first-time buyers rising from 1.6 million to 1.84 million yuan, and for families with multiple children from 1.92 million to 2.16 million yuan [3][6]. - Homebuyers can withdraw their provident fund to pay for the down payment of new pre-sale properties, and this withdrawal will not affect their loan eligibility [3][6]. Group 3: Personal Housing Loan Interest Rates - The policy optimizes the pricing mechanism for personal housing loans, allowing banks to set interest rates without differentiating between first and second homes, based on market conditions and customer risk profiles [4][6]. Group 4: Property Tax Policy - The policy provides a temporary exemption from property tax for the first home purchased by eligible non-local residents. For second homes and beyond, a tax exemption of 60 square meters per person will be applied when calculating the total housing area [4][6]. Group 5: Market Reaction - Following the announcement, real estate stocks surged in the market, with notable increases including Vanke A reaching a 10.06% rise, and other companies like Wan Tong Development and Rongsheng Development also hitting their daily limits [9][10].