National Bureau of Statistics: The month-on-month and year-on-year declines in commercial residential sales prices in all tier cities increased in April
In April 2024, the real estate market continued to adjust. Among 70 large and medium-sized cities, the month-on-month and year-on-year declines in commercial residential sales prices in all tier cities increased.
Authorities interpret the central bank's “one-click, three-link” mortgage policy: the down payment ratio fell to a historic low, and when was the “interest rate cut” on existing provident fund loans?
On the afternoon of May 17, the People's Bank of China issued three new policies relating to housing loans in a row. The relaxation of real estate finance policies exceeded market expectations
Just now! The central bank announced a huge benefit of 300 billion yuan! Heavy real estate policies continue, and four departments including the Ministry of Housing and Construction speak out
Source: Securities Times Author: Zhang Da's major real estate policies continue. On May 17, following a video conference on how to effectively secure housing across the country in the morning, the Central Bank and the General Financial Supervisory Authority issued three “big red envelopes” in the afternoon, including reducing the down payment, lifting the lower interest rate limit, and lowering interest rates on provident fund loans. In the afternoon, the State Council also held a routine policy briefing. Officials from the Ministry of Housing, Urban-Rural Development, the Ministry of Natural Resources, the People's Bank of China, and the State Administration of Financial Supervision presented the situation relating to effective implementation of supporting policies for housing delivery and answered questions from reporters. Let's first take a look at the important information from the afternoon meeting: 1. The central bank will establish 300 billion yuan of affordable housing
Express News | Ministry of Housing and Construction: Sales of existing homes will be vigorously and orderly promoted
Trends in Beishui | Beishui Transaction's net purchase of 5.957 billion yuan of major real estate policies continues, and Beishui capital is grabbing domestic bank stocks and domestic housing stocks
On May 17, in the Hong Kong stock market, Beishui had a net purchase of HK$5.957 billion, of which Hong Kong Stock Connect (Shanghai) had a net purchase of HK$3.356 billion and Hong Kong Stock Connect (Shenzhen) had a net purchase of HK$2,601 billion.
Express News | Central Bank: If the supply and demand relationship in the real estate market changes significantly in the future, the People's Bank of China will promptly resume implementing the lower limit of the mortgage interest rate policy
Express News | Central Bank: Purchased commercial housing is strictly limited to commercial housing that has been built by real estate companies and unsold, and real estate companies with different forms of ownership are treated equally
Express News | Ministry of Housing and Construction: Real estate companies should assume the main responsibility and formulate a “one project, one policy” disposal plan to ensure timely and high-quality delivery of projects
Express News | The People's Bank of China plans to establish an affordable housing reloan: the scale is 300 billion yuan, and the term can be extended 4 times in 1 year
Opinion | The April Economy: Clues to Real Estate's “Changing Modes”
① Although it is not an overnight success to resolve the downturn in real estate, as far as policy responses are concerned, it has clearly entered a more urgent stage; ② The central bank's quick action has confirmed the urgency of “stabilizing real estate,” and recent signs of “trade-in” housing and the liberalization of purchase restrictions in various regions have shown that government storage at the central level is “ready to come out.”
Express News | Vice Minister of Housing and Construction Tung Jianguo: Housing security work will focus on four aspects
Express News | Vice Minister of Housing and Construction Tung Jianguo: Promoting the digestion of commercial housing stocks. The city government insists on ordering according to demand, and can organize local state-owned enterprises to buy part of the existing commercia
Express News | Tung Jianguo: Using the role of a real estate financing coordination mechanism, the city government should make progress in promoting projects that meet the “white list” conditions
Express News | Central Bank: Set up 300 billion yuan of affordable housing reloans to support local state-owned enterprises to buy commercial housing that have already been built and not sold at reasonable prices
Express News | Industry: The central bank lowered interest rates on personal housing provident fund loans to also apply to those who have already bought a home and used a provident fund loan
Express News | Market participants judged that if the vast majority of cities across the country abolish the lower limit of mortgage interest rate policies, mortgage interest rates will drop significantly in the future
Express News | The down payment ratio fell to an all-time low, and the central bank exceeded expectations for “three consecutive payments”. What was the impact?
Heavy! Mortgage policies have changed dramatically: the down payment ratio and provident fund interest rate within the two units have been lowered, and there is no lower limit on commercial loan interest rates!
Lower down payments, lower interest rates, lower interest rates on provident fund loans, and the financial department distributed “big red envelopes” in the real estate market!
Express News | After both departments adjusted the down payment ratio for home purchases, the down payment ratio for the first and second home fell to the lowest in history
Three arrows in unison! Real estate “major initiatives” have been launched centrally, relating to down payments for home purchases, loan interest rates, etc.
This afternoon, the property market ushered in a number of major benefits. The central bank and other departments issued 3 consecutive notices to regulate interest rates on provident fund loans, lower commercial loan interest rate policy limits, and down payment ratios for home purchases.
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