Source: Zhitong Finance
Domestic housing stocks surged across the board in the afternoon. As of press release,$AGILE GROUP (03383.HK)$rose 25.68% to HK$0.93;$SUNAC (01918.HK)$Up 22.45% to HK$1.8;$CHINA VANKE (02202.HK)$rose 17.45% to HK$6.73;$R&F PROPERTIES (02777.HK)$It rose 14.41% to HK$1.35.
According to the news, the central bank, the State Financial Supervisory Administration and other departments issued three major notices in a row during the afternoon. The notice proposed that the minimum down payment for the first housing commercial loan will be adjusted to no less than 15%, and the minimum down payment for the second commercial loan will be adjusted to no less than 25%; the interest rate on personal housing provident fund loans will be lowered by 0.25 percentage points from May 18; and the lower interest rate policy limit for commercial personal housing loans for the first home and two housing units will be abolished at the national level.
Yan Yuejin, research director of the Yiju Research Institute, pointed out that this policy is the most relaxed down payment policy in China's home buying history, and it has a very obvious effect on driving market transactions. Zhang Dawei, chief analyst at Central Plains Real Estate, analyzed that the new policy released today can be called the strongest property market rescue policy in history. It shows that the central government's determination to stabilize the real estate market is very firm, and that the country's determination to promote the real estate industry and economic recovery has exceeded expectations.
editor/tolk