According to the news on the official website of Lanzhou Municipal People's Government on April 5, Lanzhou City, Gansu Province recently issued several measures for Lanzhou city to implement the strategy of strengthening the provincial council and further optimize the business environment (No. 1) (hereinafter referred to as the measures), which proposed to reduce the threshold for individuals to buy housing. The minimum down payment ratio for individuals to purchase the first set of housing through commercial banks and provident fund loans shall not be less than 20%, and the minimum down payment ratio for the second set of housing shall not be less than 30%.
The measures pointed out that the burden of individual housing consumption should be reduced. We will intensify the issuance of individual housing mortgage loans and guide financial institutions to implement preferential policies on loan interest rates in accordance with regulatory provisions. For families who own a house and have settled the house purchase loan, if they apply for a loan again to buy a house in order to improve their living conditions, the financial institution shall implement the first house loan policy.
The Measures specify that we should increase the support of housing provident fund. Individuals purchase houses through provident fund loans. The maximum amount of provident fund loans is Shanghai Pudong Development Bank Co.Ltd(600000) yuan for single employees and 700000 yuan for double employees.
In terms of reducing the burden and supporting the virtuous circle of enterprises, the measures proposed to reasonably determine the payment proportion of bidding deposit for the transfer of state-owned construction land use right. From April 1, 2022, the state-owned construction land use right will be transferred by means of bidding, auction or listing, and the bidding deposit will be executed according to the specified minimum proportion (20% of the initial listing price), and the remaining amount will be paid within one year after the signing of the state-owned construction land use right transfer contract.
In addition, the Measures specify to increase project loan support. Encourage financial institutions to carry out M & A loans in a stable and orderly manner, and focus on supporting high-quality real estate enterprises to merge and acquire difficult real estate enterprises. Financial institutions that support development loans and reduce the interest rate of personal mortgage loans shall give priority support to the government's new financial deposits and fund accounts.
