2025年10月9日，南京住房公积金管理中心官网发布《关于提高住房公积金贷款额度的通知》（以 下简称《通知》），对单缴存人的公积金贷款最高额度由50万元/人提高至80万元/人；家庭（夫妻双缴 存人）的公积金贷款最高额度仍为100万元/户。 南京住房公积金管理中心相关工作人员介绍，此次公积金贷款额度调整主要基于近年来我市单人购 房数量显著增加，综合考虑同类城市公积金贷款额度水平、住房市场现状、重点保障人群、现有资金供 给、贷款风险防控等各方面因素，贷款额度调整以单人购房为重点，着重加大了对新市民、青年人等群 体的支持力度。 根据《通知》调整的主要内容：单缴存人贷款额度从50万元/人提高至80万元/人。以单人购房贷款 200万元、30年期，公积金贷款利率2.6%、商贷利率3%来计算，公积金额度提高后，月供可减少 59.90元，30年总节省21564元，比纯商贷总利息减少约17.22万元。 据了解，此次贷款额度调整后，此前出台的支持上浮公积金贷款最高额度的相关政策继续执行， 即：多子女家庭（有两个及以上未成年子女）购买住房申请公积金贷款最高额度上浮20％，最高可贷 额度为96万元/人、120万元/户；参与住房"以旧 ...

多子女家庭或参与住房"以旧换新"活动，申请住房公积金贷款购买新建绿色二星级(含)以上或经认定的 新建改善型住房上浮额度可两相叠加计算，即额度调整后的最高可贷额度为116万元/人、144万元/户。 多子女家庭购房、参与住房"以旧换新"活动购房的贷款上浮额度两者不叠加计算；购买新建绿色二星级 (含)以上住房、购买经认定的新建改善型住房的贷款上浮额度两者不叠加计算。 据了解，《通知》自2025年10月9日起施行，有效期至2027年12月31日。2025年10月9日前未发放的住房 公积金贷款，业务承办银行应征询借款人意见进行相应调整，并修改贷款申请资料。2025年10月9日前 已发放的住房公积金贷款不做调整。 (责任编辑：张紫祎) 南京住房公积金管理中心9日发布《关于提高住房公积金贷款额度的通知》(以下简称《通知》)。为进 一步发挥住房公积金民生保障职能，促进房地产市场平稳健康发展，经报南京住房公积金管理委员会批 准，现对南京住房公积金贷款最高额度进行调整：提高住房公积金贷款最高额度，单缴存人的住房公积 金贷款最高额度由50万元/人提高至80万元/人；家庭(夫妻双缴存人)的住房公积金贷款最高额度仍为100 万元/户。 ...

促进供需两端良性互动 据了解，此次购房节由湖北省住房和城乡建设厅、武汉市住房和城市更新局指导，湖北省房地产业协 会、武汉市房地产开发协会主办，长江日报传媒集团承办，武汉房地产经纪与租赁协会、武汉安居链有 限公司协办。 在中秋节、国庆节"双节"超长假期来临之际，湖北省武汉市打出政策组合拳，多措并举进一步激活"银 十"楼市。 9月30日，以"品质生活乐购好房"为主题的2025年武汉金秋购房节（以下简称"购房节"）正式开幕，活 动将持续至10月7日。 《中国经营报》记者在采访中了解到，在购房节现场共有30余家房企携100余个精品楼盘、超1万套房源 集中亮相，通过设立住房体验区、以旧换新馆等形式，让市民直观感受"好房子"背后的好产品、好服务 与好模式。 值得注意的是，在购房节开幕当天，武汉市住房和城市更新局、武汉市自然资源和城乡建设局、武汉市 住房公积金管理中心等多个部门联合发布《关于进一步促进我市房地产市场平稳健康发展政策措施的通 知》，出台提高住房公积金贷款额度、加大刚性住房需求补贴力度、加大购买商办类房屋支持力度等八 项具体措施（以下简称"汉八条"）。 中指研究院华中市场分析师李国政告诉记者，本次政策组合拳短期 ...

今年以来，济南住房公积金中心充分发挥公积金制度保障作用，不断加大政策供给，聚焦住房消费场景打出一系列政策"组合拳"，全力促进济南市房地产 市场消费。 齐鲁晚报.齐鲁壹点杜春娜 调利率。根据人民银行有关规定，及时下调个人住房公积金贷款利率0.25个百分点，贷款期限5年以上首套房和二套房公积金贷款利率分别下调为2.6%和 3.075%，贷款期限5年及5年以下首套房和二套房公积金贷款利率分别下调为2.1%和2.525%。 9月29日，济南市召开"泉城消费提升在行动"主题系列新闻发布会——促进住房消费专场。记者获悉，1—8月份，济南市发放住房公积金贷款2.15万笔， 发放金额130.95亿元，同比增长38.34%；住房公积金提取笔数356.25万笔，提取金额296.65亿元，同比增长29.75%。 降首付。济南将二套房公积金贷款最低首付比例由30%降低为20%，与购买首套房一致，其中保障性住房最低首付款比例可放宽至15%。 拓范围。打破以往缴存人支付购房首付款和还贷仅限于本人和配偶提取公积金的限制，同时可提取夫妻双方父母、子女住房公积金，全面提升公积金家庭 互助功能；适度放宽"商转公"转贷条件，减轻缴存人住房还贷压力 ...

Core Viewpoint - Dongguan has introduced new real estate policies aimed at boosting demand and optimizing supply in response to structural changes in the housing market [1][2]. Demand-Side Summary - Implementation of temporary home purchase subsidies, providing 2% of the total contract price for new home buyers, capped at 30,000 yuan [1]. - Optimization of first-time home buyer recognition standards, expanding the coverage of loan benefits by adjusting the recognition criteria to the locality of the purchased property [1]. - Increase in housing provident fund support, with maximum loan limits for first and second homes raised to 1.5 million yuan, and an additional 50% increase for those purchasing designated affordable housing [1]. Supply-Side Summary - Refinement of the land supply adjustment mechanism, pausing new residential land sales in areas where the inventory turnover exceeds 36 months [2]. - Support for the functional transformation of existing commercial office properties, simplifying processes for repurposing [2]. - Optimization of administrative approval services for real estate projects, including measures like market-based pricing and streamlined registration processes to enhance market vitality and reduce financing costs for enterprises [2]. Market Context - Recent data indicates a continued decline in new home sales volume in Dongguan, while second-hand home sales have shown some recovery compared to last year [2]. - The average transaction price for new homes has dropped to 21,708 yuan per square meter, reaching a low point in recent years [2]. - Industry experts suggest that Dongguan's new policies may be influenced by similar measures in Shenzhen, which could lead to increased competition for housing demand in the region [3].

近段时间以来，多地继续调整住房公积金有关政策，而且恰逢楼市传统的"金九银十"，这些政策也在一 定程度上提升了市场热度。 9月11日，记者从成都住房公积金管理中心官网获悉，该中心拟对《成都商业性个人住房贷款转住房公 积金个人住房贷款管理办法》修订并继续实施，目前正在征求意见。商业性个人住房贷款转住房公积金 个人住房贷款，就是俗称的"商转公"，修订后的《成都商业性个人住房贷款转住房公积金个人住房贷款 管理办法》（征求意见稿）在政策有效期、放宽缴存地域限制、明确签约银行查询渠道等方面进行了优 化。 而在近日，深圳市住房公积金管理中心发布了《深圳市住房公积金管理办法》和《深圳市住房公积金提 取管理规定》两项文件的修订征求意见稿，提出支持在本市购买住房的职工提取一次住房公积金用于支 付购房首付款，支持在本市购买住房的职工提取住房公积金用于支付所购住房的购房税款，支持职工提 取住房公积金用于偿还异地所购住房的贷款本息等。 8月8日，北京楼市新政正式落地，提出符合购房条件的家庭在五环外购买商品住房（含新房及二手房） 不限套数，同时优化公积金贷款政策。紧随其后，上海也发布新一轮政策措施，包括降低限购门槛、优 化公积金使用、放 ...

Investment Rating - The report maintains a "Recommendation" rating for the real estate industry [2] Core Insights - The real estate index increased by 0.5% in the 34th week, ranking 31st among 31 primary industry sectors [8] - New housing transactions in 20 monitored cities decreased by 28% year-on-year, while second-hand housing transactions increased by 5% year-on-year [21][26] - Effective policies are crucial for driving market recovery, with a focus on broad fiscal measures and urban village renovations [34] Industry Basic Data - Total number of stocks: 107 [2] - Total market capitalization: 1,198.27 billion [2] - Circulating market capitalization: 1,148.68 billion [2] Sales Performance - In the 34th week, new housing transaction area was 1.47 million square meters, with a daily average of 210,000 square meters, reflecting a 5% increase week-on-week but a 28% decrease year-on-year [21][25] - Cumulative new housing transaction area from the beginning of the year in 20 cities was 65.28 million square meters, down 9% year-on-year [21] - Second-hand housing transaction area in 11 cities was 1.85 million square meters, with a daily average of 265,000 square meters, showing a 7% increase week-on-week and a 5% increase year-on-year [26][30] Policy Developments - Beijing announced support measures for employees affected by flooding, allowing them to withdraw housing provident fund for rent payments [16] - Guangzhou implemented a temporary policy for converting commercial loans to housing provident fund loans, with specific conditions for eligibility [16] - Chengdu optimized housing provident fund policies, including lowering down payment ratios and increasing loan limits [16] Company Dynamics - Longfor Group acquired a residential land plot in Chengdu at a starting price of 14,200 yuan per square meter [19] - CIFI Holdings reported total revenue of 12.281 billion, a year-on-year decrease of 39.22% [20] - Greentown China reported total revenue of 53.368 billion, a year-on-year decrease of 23.49% [20] Investment Strategy - Focus on companies with strong product moats that are likely to exhibit strong alpha characteristics [34] - Emphasis on the stability of rental income from quality commercial real estate companies [34] - Attention to the stock brokerage business in the existing housing market [34]

Core Viewpoint - Shanghai has implemented significant adjustments to its real estate policies, including changes to housing purchase limits, provident fund, housing loans, and housing tax, effective from August 26, 2023, marking the first systematic optimization of real estate policies in the city this year [1][8]. Summary by Category Housing Loan Policy - The People's Bank of China announced that commercial personal housing loan interest rates in Shanghai will no longer differentiate between first and second homes, aiming to adapt to new market conditions and consumer expectations [2][4]. - The new policy is expected to reduce total repayment amounts by approximately 80,000 yuan and monthly payments by about 220 yuan for a loan of 1 million yuan over 30 years [4][2]. Provident Fund Policy - The maximum loan limit for the provident fund has been increased, with first-time homebuyers now eligible for up to 184,000 yuan, and families with multiple children can increase this limit to 216,000 yuan [5][6]. - The policy allows for the extraction of provident fund for down payments without affecting the loan limit, thereby reducing the financial burden on homebuyers [6][5]. Housing Tax Policy - The new regulations state that non-local residents purchasing their first home in Shanghai will be exempt from property tax, while the second home and beyond will have a tax exemption based on a per capita area of 60 square meters [7][6]. - This adjustment aims to align policies for local and non-local residents, encouraging talent retention and boosting housing consumption [7][6]. Purchase Limit Adjustments - The new policy allows residents, including single individuals, to purchase an unlimited number of homes outside the outer ring of Shanghai, effectively treating single individuals as families for purchasing purposes [9][8]. - This change is expected to increase the number of eligible buyers and stimulate the housing market, as evidenced by a 17% year-on-year increase in housing transactions in the first half of the year [9][10]. Market Response - The adjustments are seen as a response to market demands, supporting various buyer groups and promoting inventory reduction across different regions [10][9]. - The overall trend in housing prices shows a 5.8% increase in new home price indices from January to July 2023, indicating a stabilizing market [10][9].

Core Viewpoint - Shanghai has introduced new real estate policies aimed at optimizing housing purchase conditions, reducing barriers for residents, and stimulating market confidence following similar adjustments in Beijing [1][3]. Group 1: Policy Adjustments - The new policies include reducing housing purchase restrictions, optimizing housing provident fund policies, improving personal housing loans, and refining property tax regulations [1][2]. - Shanghai allows local residents and certain non-local residents to purchase unlimited housing units outside the outer ring, while limiting purchases to two units within the inner ring [1][2]. Group 2: Housing Market Dynamics - Data indicates that over 60% of new residential transactions occur outside the outer ring, with around 51% of second-hand transactions also in that area, highlighting inventory pressure [2]. - The removal of purchase limits in the outer ring is expected to release purchasing power and alleviate inventory issues [2]. Group 3: Financial Support Measures - The new policies increase the maximum loan amounts for housing provident funds, with first-time homebuyers now eligible for up to 1.84 million yuan, and families with multiple children receiving additional benefits [2]. - Commercial loans will no longer differentiate between first and second homes, potentially lowering interest rates and monthly payments for buyers [3]. Group 4: Taxation and Market Sentiment - The property tax policy has been adjusted to exempt the first home purchase for eligible non-local residents and provide tax deductions based on household size for additional properties [3]. - The new policies are expected to boost market sentiment and purchasing activity, particularly in the traditional peak sales months of September and October [3][4].

Core Insights - Shenzhen's housing provident fund center has focused on high-quality governance to enhance public services and address housing needs, providing a model for "affordable living" [1] Group 1: Policy Enhancements - In March 2025, Shenzhen introduced new regulations to improve housing fund loans, emphasizing higher loan limits, lower down payment requirements, and increased interest subsidies to better meet housing demands [2] - The maximum loan amount has been raised to 2.31 million yuan, with individual loan limits increasing from 500,000 yuan to 600,000 yuan and family limits from 900,000 yuan to 1.1 million yuan [2] - The new regulations allow for cumulative increases in loan limits based on family circumstances, with potential maximum loan amounts reaching 1.26 million yuan for individuals and 2.31 million yuan for families [2][3] Group 2: Service Efficiency Improvements - The Shenzhen provident fund center has integrated emerging technologies like AI and blockchain into its services, enabling faster processing of housing fund withdrawals for flexible employment individuals [4] - The introduction of a public service model named "Shen Xiao i" allows for real-time assistance in handling high-frequency services such as retirement withdrawals and loan inquiries [4] Group 3: Regional Cooperation - On June 10, 2025, Shenzhen signed cooperation agreements with five cities to enhance the collaborative development of housing provident funds, focusing on policy alignment, service coordination, and data sharing [5] - Currently, Shenzhen has established collaborative mechanisms with ten cities in Guangdong province to support housing needs for mobile workers and families purchasing homes in different locations [5]