Core Viewpoint - The Shenzhen Housing Provident Fund Management Center has successfully launched a free fund custody service for cross-bank "mortgage transfer" in second-hand housing transactions, significantly reducing transaction costs and improving efficiency for buyers and sellers [1][2][3]. Group 1: Service Overview - The "mortgage transfer" fund custody service allows buyers to deposit their down payment into a dedicated custody account, with the bank's loan also deposited into this account post-property transfer, streamlining the payment process to sellers [2][3]. - Since its launch in May last year, the service has been implemented successfully with 25 banks, including major institutions like ICBC, ABC, and BOC, helping buyers save on transaction fees [1][2]. Group 2: Benefits and Efficiency - The new service eliminates the need for sellers to pay "bridge fees" and other costs associated with traditional property transactions, thus reducing overall transaction costs [2][3]. - The process has been shortened to less than one month from signing the agreement to receiving the property certificate, enhancing transaction efficiency [1]. Group 3: Market Impact - The initiative has been recognized as an excellent case for optimizing the business environment in Shenzhen, indicating its positive impact on the local real estate market [3][4]. - The service aims to break down information barriers between buyers, sellers, and banks, facilitating real-time updates on transaction progress [2][3]. Group 4: Future Developments - The Housing Provident Fund Management Center plans to expand the applicability of the "mortgage transfer" service and enhance inter-departmental coordination and information sharing [4]. - Continuous optimization of processes and improvement of approval efficiency are also on the agenda to further enhance the convenience and safety of housing transactions [3][4].

Group 1 - The real estate market in the region has shown signs of recovery this year, with an increase in market activity [1] - In the first quarter, the total sales area of commercial housing reached 7.146 million square meters, a year-on-year increase of 23.8%, ranking 13th nationwide [1] - Various incentive policies have been introduced to lower the threshold for home purchases and boost consumer confidence, including financial subsidies and consumption vouchers [1] Group 2 - The first quarter saw a significant increase in inquiries and visits to new housing projects, with a quarter-on-quarter sales area increase of 10.2% [1] - Eight cities in the region reported year-on-year growth, while 13 cities experienced quarter-on-quarter growth [1] - A total of 20.1 billion yuan was withdrawn from housing provident funds for home purchases, with 36.21 billion yuan in loans issued to 8,523 individuals [1] Group 3 - The promotion of the "mortgage transfer" service model for second-hand housing has been implemented, allowing properties with existing mortgages to be transferred without prior loan repayment [2] - In the first quarter, the transaction area of second-hand houses reached 300.26 million square meters, a year-on-year increase of 43.14% [2] - The total transaction amount for second-hand houses was 14.673 billion yuan, up 32.10% year-on-year, with specific increases in both area and transaction amounts for second-hand housing [2]

Group 1 - The core viewpoint is that the real estate market in Guangxi has shown signs of recovery in 2023, driven by lower down payments, reduced interest rates, and ongoing promotional activities [1][3] - In the first quarter of 2023, the sales area of commercial housing in Guangxi reached 7.146 million square meters, reflecting a year-on-year increase of 23.8% [1] - The demand for housing has shifted, with an increase in homebuyers returning to their hometowns and a notable rise in both first-time and improvement-driven purchases [3] Group 2 - The second-hand housing market in Guangxi is also experiencing significant activity, with a notable increase in transactions compared to previous years [5] - In the first quarter of 2023, the transaction area for second-hand homes was 3.0026 million square meters, up 43.14% year-on-year, with a total transaction value of 14.673 billion yuan, an increase of 32.10% [5] - The introduction of the "mortgage transfer" service model aims to facilitate transactions by allowing properties with existing mortgages to be transferred without prior loan repayment, thereby reducing transaction costs for buyers and sellers [5]