"Inner Room": Guangdong Province, Huizhou, reduces the down payment ratio for personal housing provident fund loans for second-hand housing.
According to the Securities Times, the Housing Provident Fund Management Center of Huizhou City, Guangdong Province, issued the "Notice on Lowering the Down Payment Ratio of Second-hand Housing Personal Housing Provident Fund Loans", which stipulates that the entire loan amount for purchasing self-occupied housing in Huizhou's stock housing (second-hand housing) shall not exceed 70% of the mortgage value, up from 60% before. That is to say, the down payment ratio for purchasing second-hand houses in Huizhou City has been lowered from not less than 40% of the mortgage value to not less than 30% of the mortgage value. In other words, the minimum down payment ratio for personal housing provident fund loans for second-hand houses has been lowered from 40% to 30%.
The three-year deposit rate in Beijing and Shanghai has been lowered. Is Bank of Communications the first of the major banks to do so? Truth: there has been no movement in the Guangdong-Hong Kong region, or it may be a regional adjustment.
After the July LPR quote reduction, the market expects the deposit interest rate to be lowered, but state-owned banks have not yet adjusted the deposit list interest rate.
Daily summary of real estate industry news (2024-07-24)
It was reported that some banks in Shanghai have started to lower their mortgage interest rates. The interest rate for the first home loan has been reduced to 3.4%, and the interest rate for the second home loan is as low as 3.6%. "The latest mortgage interest rates have started to be implemented now. The first home loan interest rate is 3.4%; As for the second home loan, the mortgage rate in the urban area is 3.8%, and the mortgage rate in the Free Trade Zone Lingang New Area, Jiading, Qingpu, Songjiang, Fengxian, Baoshan, and Jinshan districts is 3.6%."
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First-home mortgage rates have fallen again! Some banks in Shanghai have reduced them to 3.4%. Will the down payment on existing mortgage rates also be reduced?
The latest interest rates for first-time home loans have landed in Shanghai. Experts believe that the LPR quote still has some room for a downward adjustment in the fourth quarter depending on the economic and price performance. Industry insiders believe that the difference between the current new house loan interest rate and the previous existing house loan interest rate is gradually increasing, and the interest rate of existing house loans may also follow suit and decrease.
Express News | Several banks in Peking have quickly lowered their mortgage rates. The interest rate for Peking's first home mortgage has dropped to 3.4%.
Express News | Some banks in Shanghai have quickly lowered their first-home mortgage interest rates to 3.4%.
Daily real estate industry news summary (2024-07-23)
The market generally believes that the LPR quote adjustment of two term varieties is beneficial to reduce the interest burden of mortgage borrowers and promote consumer spending. The interest rates of some local housing loans will enter the range of two percent.
LPR has been lowered twice this year, and interest rate cuts may be just the first step in implementing new real estate policies.
According to Meijing, the A-share market fell after a low opening today. The real estate sector had the highest increase, with the real estate ETF fund (515060) maintaining its upward trend.
More than 100 cities have launched a policy of "Old for New" for housing, encouraging the replacement group to enter the market actively.
On July 23rd, Geelong News reported that in recent times, many real estate hotspots including Changsha, Guiyang, and Peking have introduced new real estate policies, further optimizing the regulation policies for the real estate market.
Express News | Ministry of Housing and Urban-Rural Development: Systematically plan and deepen various reforms in the field of real estate construction in urban and rural areas.
Express News | The Ministry of Finance announced that property tax revenue in the first half of the year was 233.7 billion yuan, a year-on-year increase of 20.1%.
Express News | The second LPR cut this year: further reducing the cost of buying a house, helping to restore the market sentiment of core cities.
Sinolink Securities: Third Plenary Session of the 18th CPC Central Committee first proposed real estate. Second-hand housing prices in Beijing and Shanghai increased month-on-month.
The communique of the Third Plenary Session on the policy front first proposes to prevent and resolve real estate risks and point out the direction of future real estate development. It is expected that the previous policy of destocking will accelerate its implementation, restrictive policies will continue to be relaxed, and the new model of "indemnificatory apartments + commodity apartments" will accelerate its construction, speeding up the process of market stabilization.
The central bank has cut interest rates twice this year! Will mortgage interest rates enter the "2 percent" era? How do we view the real estate market in the future?
The People's Bank of China has lowered the one-year and five-year loan market quoted interest rates (LPR) by 10 basis points each. After this 5-year LPR cut, the interest rate for the first home loan in the country will reach its lowest point in history. If calculated based on a commercial loan amount of 1 million yuan, a loan term of 30 years, and equal principal and interest repayment, this 10 basis point LPR reduction will lead to a monthly payment reduction of 57.3 yuan, and the cumulative monthly payment will be reduced by 0.021 million yuan over 30 years.
Express News | July LPR quote released: 1-year and 5-year interest rates both cut by 10 basis points.
China Real Estate: CCL's latest report of 140.89 points fell by 0.25% weekly, down 1.49% compared to the low before withdrawal.
Yang Mingyi, Senior Joint Director of the Research Department of Central Plains Real Estate, pointed out that the latest report of the Central Plains City Leading Index (CCL) was 140.89 points, with a weekly decline of 0.25% and a total decline of 2.51% in five weeks.
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Express News | Han Wenxiu, Deputy Director of the Central Finance and Economics Committee: The new urbanization in our country is still continuing to advance, and there is still considerable room for high-quality development of real estate.
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