Shanghai optimizes real estate policies: No limit on the number of houses purchased outside the outer ring road, and the maximum amount of provident fund loans is increased to 2.16 million yuan
Recently, the Shanghai Municipal Housing and Urban-Rural Development Management Committee issued a major real estate policy adjustment aimed at further optimizing the market environment and supporting reasonable housing needs. The new policy clearly relaxes restrictions on buying houses outside the outer ring road and significantly increases the provident fund loan quota, which has caused heated discussions across the Internet. The following is a detailed analysis of policy key points and market reactions.
1. Core content of policy
This adjustment mainly involves two major aspects:
| Policy Area | Before adjustment | After adjustment |
|---|---|---|
| Restrictions on buying a house outside the outer ring | Local household registration limited to purchase 2 sets | Cancel the limit on the number of sets |
| Provident fund loan amount | Up to 1.2 million yuan per person Family up to RMB 2.4 million | Up to 1.44 million yuan per person Family up to RMB 2.16 million |
2. Policy background and goals
According to data from the Shanghai Municipal Bureau of Statistics, the sales area of newly built commercial housing in the city fell by 18.7% year-on-year from January to April 2023. This policy adjustment aims to:
1. Stimulate the vitality of the real estate market outside the outer ring road
2. Reduce financial pressure on urgent needs and improve home buyers
3. Promote the balanced development of urban multi-center
3. Market response data
Market monitoring data within 72 hours after the policy is released:
| index | Amplitude of change |
|---|---|
| Consultation volume of new houses outside the outer ring road | +215% |
| Second-hand house listings | +38% |
| Provident fund loan consultation volume | +320% |
4. Expert interpretation
Professor Zhang from the Real Estate Research Institute of Shanghai University of Finance and Economics said: "This policy focuses on the outer ring area and avoids the risk of market overheating caused by comprehensive stimulus through 'zone measures'. The increase in the provident fund quota can substantially reduce the cost of buying a house and is expected to release the demand for about 200,000 families."
V. Potential impact analysis
1.Regional differentiation intensifies: The sales speed of projects outside the outer ring is expected to increase, and the prices in the core area may remain stable
2.Product structure adjustment: The demand for improved large apartments may increase significantly
3.Financial risks are controllable: Provident fund loan amount is still capped to avoid excessive leverage
6. Policy comparison
Comparison with current policies in other first-tier cities:
| City | Purchase restriction policy | Provident fund loan cap |
|---|---|---|
| Shanghai | No purchase restrictions outside the outer ring | Family 2.16 million |
| Beijing | Limited to purchase 2 sets in the entire region | Family 1.2 million |
| Shenzhen | Partition differentiated purchase restriction | Family 1.26 million |
7. Precautions for implementation
1. Policy implementation time: From May 15, 2023
2. Applicable conditions: Purchase the first or improved housing
3. Qualification Review: It still needs to meet the general requirements for housing purchase restrictions in Shanghai
This policy adjustment marks a new stage in Shanghai's real estate regulation. By implementing refined policies to balance market supply and demand, it is expected to effectively promote the stable and healthy development of the real estate market. The subsequent market response will continue to be observed, and home buyers are advised to make rational decisions based on their own needs.
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