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Starting from yesterday, the mainland has lowered the interest rates on existing personal housing provident fund loans.
The People's Bank of China announced a reduction in the personal housing provident fund loan interest rate by 0.25 percentage points last May. According to regulations, personal housing loans from the housing provident fund that had already been issued prior to this will implement the new interest rate starting from yesterday (the 1st). Personal housing loans issued before May 18, 2024, meaning existing housing loans, started yesterday, and the corresponding interest rates for first and second housing loans have been adjusted. Among them, the interest rate for first-time owner-occupied housing loans for under five years is 2.35%, and for over five years is 2.85%. The interest rate for second housing loans for under five years is 2.775%, and for over five years the rate is 3.
The National Housing and Urban-Rural Construction Work Conference was held: it clarifies the five key tasks, including vigorously implementing urban renewal.
The National Housing and Urban-Rural Construction Work Conference was held in Peking from December 24 to 25. The conference reviewed the Real Estate market for 2024, noting that the net signed area of newly built Commodities nationwide has experienced dual growth year-on-year and month-on-month for two consecutive months in October and November, indicating positive changes in the Real Estate market, showing signs of 'stopping the decline and stabilizing'. At the same time, the conference clarified five key tasks for nationwide housing construction work in 2025, which are: 'continuously promoting the stabilization of the Real Estate market', 'encouraging the establishment of a new model for Real Estate development', 'vigorously implementing urban renewal', creating an upgraded version of 'China Construction', and 'building safety, comfort, and green'.
Evergrande Real Estate's creditor claims have been unexpectedly withdrawn! The bidding price has exceeded ten million yuan.
The highly publicized auction of Evergrande Real Estate's debt has been suddenly withdrawn.
The effectiveness of refinancing for affordable housing in the mainland has become evident, with over 10 cities purchasing existing housing projects.
According to a report by the Securities Times, since the national meeting on securing housing deliveries on May 17, relevant departments and local authorities have closely collaborated to expedite the acquisition of existing Commodities for use as affordable housing, achieving some phased results. It has been learned that recently, more than ten cities have successfully initiated projects for purchasing existing housing, raising over ten thousand units of affordable housing. The national meeting on securing housing deliveries clarified that in cities with high inventory of Commodities, the government may "purchase based on demand" at reasonable prices for some Commodities to be used as affordable housing. Local departments actively promote policy implementation, and relevant authorities have established purchase task forces under the urban real estate financing coordination mechanism to advance the.
The Central Finger Research: In December, the SSE Conglomerates Index for property service prices in twenty cities slightly declined, with Wuhan experiencing the largest decrease.
In December 2024, the Property Service price SSE Conglomerates Index for twenty cities was 1075.37, a year-on-year decrease of 0.01% and a month-on-month decrease of 0.03%, with both year-on-year and month-on-month figures shifting from an increase to a decrease.
The research institute found that the disclosure rate of the ESG reports of listed Property Service companies reached 95.65% overall.
The Zhongzhi Research Institute has released the 2024 ESG evaluation research report for listed Property Service companies in China.
