进一步放宽公积金贷款条件，是本次新政的一大看点。 新政指出，在佛山购买配售型保障房可申请公积金贷款，首付比例不低于15%，低于商品房最低首付 20%的要求。对于符合条件的外籍人员，在佛山购房也可申请公积金贷款。而异地缴存的职工可将本人 商业贷款转为公积金贷款，购买第二套房的缴存职工也可享受"商转公"贷款。 针对在境内工作、学习的境外个人，仅凭据自用、自住的书面承诺即可在佛山购买商品房。 另外，还对契税缴纳的住房套数认定做了进一步优化。在佛山，购房交易契税缴纳时，住房套数的核算 需以房产所在区住房套数查询结果为准。 不过根据此前楼市政策，佛山契税住房套数认定标准一直是以区为查询范围。比如在禅城区有一套房， 顺德区、南海区也各有一套房，如若在禅城区再买一套，契税仍按二套标准执行。 11月19日，据"佛山发布"官方公众号消息，佛山市住房和城乡建设局等八部门联合印发《关于进一步促 进房地产市场平稳健康发展的若干措施的通知》，该通知聚焦土地供应、项目开竣工、公积金贷款等方 面，共推出12条措施，并从今日起开始执行。 一来加大存量土地"收调供"力度。面对闲置存量土地，通过协商收回（收购）、协议置换、使用专项债 券等方式进 ...

（原标题：深圳二手房市场"刚需"盘成交活跃） 从片区表现来看，成交前十片区仍以刚需盘聚集地为主。从楼盘录得量来看，热门楼盘除南山的"华润 城润府"外，其他主要都是价格相对"刚需"的楼盘，侧面反映出当前深圳市场以刚需为主。 另据深圳中原研究中心统计，10月深圳的楼市成交结构中，刚需成市场主流。新房及二手住宅的主力成 交面积段均集中在60至90平方米。其中，该面积段的新房住宅占比大幅上升7.7%，二手住宅同样以39% 的成交占比居首。 深圳贝壳研究院数据显示，今年上半年深圳二手房呈现"低总价房源成交占比更高、中高总价房源挂牌 占比更高"的特征。具体来看，200万元以下房源成交占比相较挂牌占比多8.8%，200万元至300万元成 交占比相较挂牌占比多4.4%。乐有家研究中心数据显示，自7月以来，300万元以下房源成交占比持续 位于高位，连续4个月超过25%。 证券时报记者 吴家明 "刚需"是深圳二手房市场成交的主力。 深圳市房地产中介协会最新公布的数据显示，上周全市二手房（含自助）录得量为1472套，环比增长 1.4%，显示购房需求持续释放，二手房市场保持活跃态势。在需求端（委买合同），上周深圳市场新 增需求量继续 ...

Core Viewpoint - The wealth gap between those who buy homes and those who do not is expected to widen significantly over the next five years due to urbanization and housing policy adjustments [1] Policy Insights - The government is not discouraging home purchases but is instead providing "precise support" for good housing options, with over 1.6 trillion yuan allocated for key housing projects [2] - Financial policies are being optimized to reduce repayment pressure, including dynamic adjustments to mortgage rates and the elimination of distinctions between ordinary and non-ordinary residential properties [2] City Selection - The focus should be on cities where population is flowing, particularly core cities in the Yangtze River Delta and Pearl River Delta, as well as areas with strong urbanization potential [4] - First-tier cities have a new housing inventory turnover period of about 13 months, while third and fourth-tier cities face much longer periods, indicating higher risks of price declines [4] Timing Strategies - Timing is crucial for home purchases, with a new housing inventory turnover period of 12-18 months being ideal for stable prices [5] - Key signals to watch include the central bank's LPR rate adjustments and local government housing subsidies, which indicate favorable buying conditions [5] Asset Allocation - Real estate should constitute 50%-70% of total family assets to balance risk and opportunity, with a focus on quality properties in well-supported locations [6] - It is advised to maintain a manageable mortgage payment relative to monthly income and to avoid excessive leverage [6]

Core Viewpoint - The real estate market in Shenzhen is experiencing a significant recovery due to policy adjustments that have relaxed purchase restrictions, leading to increased transaction volumes in both new and second-hand housing markets [6][11]. Group 1: Sales Performance of Real Estate Companies - In the first nine months of 2025, the top three real estate companies in Shenzhen by sales were Hongrongyuan (16.65 billion), China Merchants Shekou (11.43 billion), and Shenye Group (8.12 billion) [5]. - The sales thresholds for the top real estate companies were set at 7.51 billion for the top five, 4.95 billion for the top ten, and 3.00 billion for the top twenty [5]. Group 2: Policy Changes - The Shenzhen government has implemented a series of measures to optimize real estate policies, including the cancellation of purchase restrictions in non-core areas and the introduction of differentiated management for corporate purchases [6][7]. - Non-resident families can now purchase up to two homes in specified areas without needing to provide proof of one year of social insurance or tax payments [7]. - The new policy also standardizes loan interest rates, eliminating the distinction between first and second home loans [7]. Group 3: Market Performance - In September 2025, the transaction volume for new residential properties in Shenzhen reached approximately 3,087 units, marking a 43.5% increase month-on-month and a 32.7% increase year-on-year [11]. - The second-hand housing market also saw a rise, with 4,546 units transacted, reflecting an 8.9% month-on-month increase and a 42.5% year-on-year increase [11]. - The inventory of pre-sold residential properties stood at 32,085 units by the end of September, with a depleting cycle of around 10 months based on the average monthly sales over the past year [9][11].

Core Insights - The recent housing market policies aim to alleviate the burdens of homebuyers by relaxing qualification requirements and reducing costs, addressing high entry barriers and financial burdens in the market [3][4][5] Policy Overview - The October policies include a "four cancellations" approach: cancellation of purchase restrictions, sales restrictions, price limits, and differentiation between ordinary and non-ordinary residential standards, with major cities like Beijing, Shanghai, and Guangzhou leading the way [3] - Cost reductions include an average interest rate cut of 0.5 percentage points on existing home loans, potentially saving 1.5 billion residents over 150 billion yuan in interest annually, with specific examples showing significant monthly savings for borrowers [3][4] Supply and Financial Security - The government plans to add 1 million urban village renovation units, with over 60% of compensation provided in cash, which is expected to help absorb existing housing stock [4] - The credit scale for "white list" projects has been expanded to 4 trillion yuan, with 2.23 trillion yuan already approved, ensuring stable funding for qualified projects and reducing the risk of unfinished developments [4] Buyer Strategies - First-time buyers should focus on areas with favorable policies and infrastructure, such as regions outside major city limits, while ensuring to apply for loan adjustments before the end of October [5] - Upgrading homeowners are encouraged to sell their old properties quickly due to the cancellation of sales restrictions, while investors should concentrate on core assets in major urban areas to ensure stable rental returns [5][6]

Core Viewpoint - Shanghai has announced new real estate policies that optimize the property tax pilot program for personal housing, allowing eligible individuals to temporarily avoid property tax payments [1][2]. Group 1: Property Tax Policy Adjustments - The new policy allows individuals holding a Shanghai residence permit and working in the city, including high-level talents and urgently needed professionals, to temporarily avoid property tax on their first home purchase [4][5]. - For those purchasing a second home, property tax will be exempted if the average per capita housing area does not exceed 60 square meters, with tax applied only to the area exceeding this limit [4][5]. - Individuals who have held a residence permit for less than three years will initially pay property tax, but can apply for a refund once they meet the three-year requirement [5][11]. Group 2: Housing Purchase Regulations - The policy allows families to purchase an unlimited number of homes outside the outer ring road, while limiting purchases to two homes within the inner ring for local residents and single adults [7]. - Non-local residents can also purchase homes outside the outer ring without limits, provided they have paid social insurance or income tax in Shanghai for at least one year [7]. Group 3: Housing Fund and Loan Policies - The new regulations increase the maximum loan amount for housing provident funds, with first-time buyers eligible for higher loan limits based on property type and family size [8][9]. - The policy supports the withdrawal of housing provident funds for down payments, allowing individuals to extract funds without affecting their loan limits [9]. - The interest rate pricing mechanism for commercial housing loans will be optimized, removing distinctions between first and second home loans to ease the financial burden on residents [10].

Core Insights - Shenzhen's real estate market has responded positively and swiftly to the new policy, with significant increases in both second-hand and new home transaction volumes during the first weekend after implementation [1][3]. Group 1: Second-hand Market Performance - During the first weekend post-policy, the signing volume at Beike's partner stores for second-hand homes increased by 33% compared to August and by 60% compared to July [3]. - The policy has encouraged previously hesitant buyers to make purchasing decisions, leading to a rapid increase in transaction volumes [3]. - The viewing volume for second-hand homes at Le You Jia's stores rose by 12%, with the highest increase in the Luohu district at 43% [4]. Group 2: New Home Market Activity - New home purchases at Beike's partner stores saw a 40% increase compared to the average for the weekend in August and a 50% increase compared to July [3]. - The rise in new home market activity is attributed to both policy stimulation and developers increasing their sales efforts and promotional strategies [3]. Group 3: Regional Transaction Data - Luohu and Bao'an districts emerged as the main transaction areas following the new policy, with Luohu's second-hand home signing volume doubling (100% increase) compared to the previous weekend, and Bao'an showing a 69% increase [3]. - Luohu's appeal is driven by its established commercial infrastructure and quality educational resources, while Bao'an attracts younger buyers due to its industrial concentration and transportation convenience [3]. Group 4: Market Confidence and Demand - The new policy effectively addresses market demand by relaxing purchase restrictions and optimizing credit, thereby lowering entry barriers for new citizens and young buyers [4]. - The restoration of market confidence has led to a concentrated release of existing demand, resulting in a balanced supply and demand situation [4]. - The ongoing effects of the policy are expected to maintain a phase of active engagement in Shenzhen's real estate market [4].

Group 1 - The core point of the article highlights a significant rise in the stock prices of Chinese real estate companies following the announcement of new housing policies in Shenzhen, which are more lenient compared to previous policies in Beijing and Shanghai [1] - Country Garden (碧桂园) saw a stock increase of 10.42%, trading at HKD 0.53, while other companies like CIFI Holdings (旭辉控股) and Vanke (万科企业) also experienced notable gains [1] - The new policy in Shenzhen, effective from September 5, includes a substantial relaxation of purchase restrictions in non-core areas and eliminates the differentiation in mortgage rates between first and second homes [1] Group 2 - According to CITIC Securities, the new housing policy in Shenzhen is expected to stimulate demand for multiple home purchases in peripheral areas, indicating a broader trend among major cities to enhance real estate market activity [1] - The adjustments in Shenzhen's housing policies are seen as more extensive than those implemented in Beijing and Shanghai in August, suggesting a proactive approach to revitalize the real estate market [1] - Overall improvement in real estate sales performance is anticipated, contingent upon the effective implementation of policies related to inventory housing acquisition and urban village renovations, which could enhance supply-demand dynamics [1]

Core Viewpoint - Major cities like Beijing, Shanghai, and Shenzhen have adjusted housing market policies since August, primarily by relaxing purchase restrictions for local residents and non-residents, aiming to stabilize the housing market and attract more buyers [1][2][3] Policy Adjustments - Shenzhen has significantly narrowed the scope of purchase restrictions, allowing local residents to buy unlimited properties in non-restricted areas and easing conditions for non-residents who have paid social insurance or taxes for over a year [1][2] - The new policy in Shenzhen also removes restrictions on single individuals, allowing them to purchase properties under the same conditions as families, which marks a historic relaxation of previous rules [1][2] Market Conditions - The housing market in Shenzhen has faced a prolonged decline, with prices dropping approximately 40%-50% from peak levels over the past four years, and a recent 0.9% decrease noted in July [2][3] - The city has not ranked among the top 20 in land sales this year, indicating a significant drop in land supply and investment compared to other major cities [2] Economic Implications - The policy changes are expected to attract more external buyers, enhancing population concentration and economic stability in Shenzhen, which is crucial for the city's role in the Greater Bay Area [3] - The adjustments aim to stabilize the core cities' housing markets, which are vital for the overall economic cycle and resource exchange within urban areas [3]

Core Viewpoint - The Shenzhen government has announced new policies to optimize and adjust real estate regulations to better meet residents' housing needs and promote a stable and healthy real estate market. Group 1: Residential Purchase Policy Adjustments - Residents eligible to purchase commercial housing in specified districts (including local and certain non-local residents) can buy an unlimited number of properties in designated areas [1] - Non-local residents who cannot provide proof of continuous social insurance or income tax payments for at least one year are limited to purchasing two properties in the specified districts [1] - There will be no qualification review for purchasing commercial housing in Yantian District and Dapeng New District [2] - Single adults will be subject to the same purchasing limits as resident families [3] Group 2: Corporate Purchase Policy Adjustments - Enterprises can purchase commercial housing within the city to address employee housing needs, with specific conditions for purchases in certain districts [4] - In districts like Futian, Nanshan, and Bao'an (Xin'an Street), companies must meet criteria such as being established for over one year, having paid at least 1 million RMB in taxes, and employing at least 10 staff members [4] - No qualification review is required for purchasing in other areas of the city [4] Group 3: Personal Housing Credit Policy Optimization - Financial institutions will no longer differentiate between first and second home loans in terms of interest rate pricing, allowing for more flexible loan terms based on market conditions and individual risk profiles [5] Implementation Date - The new policies will take effect on September 6, 2025 [6]