March 16, 2025

Shenzhen, South China's Guangdong Province, on Sunday announced plans to raise the maximum housing provident fund loan to 2.31 million yuan ($319,155), while further lowering the minimum down payment requirement, making it the latest Chinese city to boost housing provident fund loan support to further unlock demand and revitalize the property market.

Under Shenzhen's latest policy, the maximum individual housing provident fund loan has been raised from 500,000 yuan to 600,000 yuan, while the maximum for families has increased from 900,000 yuan to 1.1 million yuan. Families meeting certain criteria - such as purchasing their first home in Shenzhen or having two or more children - can qualify for an additional loan increase, according to a post on Shenzhen's official WeChat account. 

These adjustments can be combined, allowing for a maximum loan boost of 110 percent, which raises the individual limit to 1.26 million yuan and the family limit to 2.31 million yuan. Based on past records, more than 90 percent of applicants for first-home loans are eligible for the preferential policy, the post said.

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https://www.globaltimes.cn/page/202503/1330217.shtml