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on january 16, 2023, a bird's eye view of fuzhou, fujian. visual china data map

on september 30, the fujian provincial department of housing and urban-rural development issued the "notice on several measures to further promote consumption in the real estate market."

the document proposes to further make full use of urban control autonomy. support cities in canceling restrictive measures such as housing purchase restrictions, sales restrictions, and price limits according to city policies. those that have been canceled must be fully implemented, and those that have not been canceled must be promptly evaluated and adjusted. cancel the standards for ordinary residences and non-ordinary residences. support localities to optimize the identification standards for the number of family housing units based on the actual conditions of families with multiple children and rental housing.

at the same time, personal housing loan policies will be implemented. starting from october 1, the minimum down payment ratio for commercial personal housing loans for second homes in nine cities and one district across the province will be uniformly lowered from 25% to 15%, and there will no longer be a distinction between first and second homes. implement the policy of reducing existing mortgage interest rates, guide commercial banks to uniformly implement batch adjustments to the interest rates of eligible existing mortgage loans before october 31, and encourage corporate banks in the province to implement the policy as soon as possible and complete batch adjustments in advance.

increase housing provident fund support for home purchases. for families that own one house and have paid off the corresponding house purchase loan, and apply for a housing provident fund loan to purchase a house again, the minimum down payment ratio will be reduced to 20%. support qualified cities to increase the maximum loan limit of provident funds. if you use a housing provident fund loan to purchase affordable housing, the minimum down payment ratio is 15%. flexibly employed persons who have paid housing provident fund in full for more than 6 months (inclusive) can apply for a housing provident fund loan.

facilitate real estate market transactions. encourage various localities to hold housing exhibitions during the national day, support qualified cities in issuing housing purchase subsidies, guide real estate companies and decoration companies to carry out online and offline marketing and profit sharing, support industrial parks, enterprises and institutions, etc. in organizing employees to purchase housing in the form of group purchases, and encourage real estate enterprises offer group purchasing discounts. support various localities in exploring and implementing the "exchange of old for new" and "exchange of small for large" commercial housing to effectively release the existing demand for improvement. support cities in need to purchase stock housing that meets corresponding conditions as affordable housing. increase positive publicity and guidance on the real estate market, accurately interpret the latest policies, and stabilize market expectations.