Core Viewpoint - Beijing's new real estate policy, effective from August 8, allows unlimited purchases of commodity housing outside the Fifth Ring Road, while still maintaining certain qualification requirements for buyers [1][3]. Group 1: Policy Adjustments - The new policy primarily focuses on the area outside the Fifth Ring Road, where a significant portion of the housing inventory is located. Current statistics show that 81.4% of new residential inventory and about 50% of second-hand homes are situated outside this area [3]. - The policy aims to accelerate the market absorption in the Fifth Ring Road area by allowing more families with the ability and willingness to buy homes to enter the market, thereby optimizing inventory structure [3][5]. Group 2: Housing Fund Support - The policy includes measures to enhance housing fund loan support, broadening the definition of first-time homebuyers. Individuals without housing in the city or those who have previously used their housing fund loans can now qualify for first-time homebuyer benefits [5]. - The maximum loan amount for second homes has been increased to 1 million yuan, with a minimum down payment ratio of 30%. Additionally, for every year of housing fund contributions, the loan limit increases by 15,000 yuan [5]. Group 3: Market Impact - The new policy is expected to attract more buyers to the Fifth Ring Road area, leading to an increase in project construction and the availability of second-hand homes in the market [3][7]. - The adjustments are anticipated to alleviate inventory pressure, stimulate economic activity, facilitate population dispersal, and promote regional collaboration, contributing to the stable and healthy development of the real estate market and sustainable urban growth [7].

购买五环外商品住房不限套数，是此次调整最受关注的一项政策。《通知》明确，符合本市商品住房购 买条件的居民家庭（包括本市户籍居民家庭、在本市连续缴纳社会保险或个人所得税达到相关年限的非 本市户籍居民家庭），在五环外购买商品住房（含新建商品住房和二手住房）不限套数。五环外不再限 制购房套数，不是解除限购，仍需满足一定条件。 北京房地产市场政策一直被视为一线城市乃至全国房地产市场政策的风向标。8月8日，北京市有关部门 发布《关于进一步优化调整本市房地产相关政策的通知》（以下简称《通知》），备受关注。此次政策 调整目的在于促进房地产市场平稳健康发展，更好满足居民改善性住房需求，有效发挥市场机制作用， 坚持首都城市战略定位，落实好城市总体规划。 北京楼市新政体现房地产市场调控因城施策、因区域施策。房地产限购政策在房地产市场过热、房价过 快上涨阶段起到了抑制投机需求、稳定房价、促进房地产市场平稳健康发展的作用。当前房地产市场供 求关系已发生变化。在北京，无论是新房还是二手房，五环外库存量占比较高。中原地产研究院统计显 示，当前北京新建商品房住宅库存81.4%在五环外，二手房约50%在五环外。从销售情况看，中指研究 院数据 ...

Core Viewpoint - The recent policy adjustment in Beijing's real estate market aims to promote stable and healthy development while better meeting residents' housing improvement needs and effectively utilizing market mechanisms [1][2][3] Group 1: Policy Adjustments - The most notable change allows residents to purchase an unlimited number of properties outside the Fifth Ring Road, provided they meet certain conditions [1][2] - The policy reflects a targeted approach to real estate regulation, differentiating between areas inside and outside the Fifth Ring Road to facilitate market entry for capable and willing families [2] Group 2: Market Dynamics - Current statistics indicate that 81.4% of new residential properties and approximately 50% of second-hand homes are located outside the Fifth Ring Road, highlighting the need for policy adjustments in this area [2] - In the first seven months of this year, over 80% of new residential sales and more than 50% of second-hand home transactions occurred outside the Fifth Ring Road, indicating a shift in market activity [2] Group 3: Financial Support Measures - The new policy includes increased support for housing provident fund loans, broadening the definition of first-time homebuyers and raising the maximum loan limit for second homes to 1 million yuan [3] - The policy allows for a lower down payment for families previously classified as second-home buyers, effectively reducing the barriers to homeownership [3] Group 4: Expected Outcomes - The adjustments are expected to alleviate inventory pressure, stimulate economic growth, relieve population density in central areas, and promote regional collaboration [3]