快评｜上海刺激措施如期出台且力度大于预期

Core Viewpoint - The recent adjustment of housing purchase restrictions in Shanghai's outer ring is expected to significantly alleviate the pressure on high inventory areas and stimulate demand, surpassing market expectations following similar changes in Beijing [2][4]. Group 1: Policy Adjustments - The new policy allows eligible families (local residents and non-local residents with at least one year of social insurance or tax payments) to purchase an unlimited number of homes in the outer ring, while single adults are treated as families [4][5]. - The policy also includes a tax exemption for the first home purchased by non-local families and a deduction of 60 square meters for the second and subsequent homes [5]. Group 2: Financial Support Measures - The housing provident fund loan limits have been significantly increased, with the maximum loan for first-time buyers raised from 1.6 million to 1.84 million yuan, and for families with multiple children, it can go up to 2.16 million yuan [6]. - The new policy allows for the withdrawal of provident fund for down payments and supports the "withdraw and loan again" mechanism, which does not affect the loan limit calculation [6]. Group 3: Market Implications - The adjustment of commercial housing loan interest rates will no longer differentiate between first and second homes, aiming to reduce the financial burden on homebuyers [7]. - The overall strategy of "strict control in core areas, relaxation in suburbs" is designed to alleviate inventory pressure, boost the economy, and support population dispersal and regional collaboration [7].