Henan: Support Zhengzhou to carry out the reform of the commercial housing pre-sale system and promote the pilot sales of existing houses in Zhengzhou and Kaifeng

The General Office of the People's Government of Henan Province recently issued "Several Policies and Measures for Continuous Expansion of Consumption". Among them, it is proposed to implement a long-term mechanism for dynamic adjustment of the interest rate policy for commercial personal housing loans for the first set of housing and to gradually relax the lower limit of interest rates for commercial personal housing loans for the first housing in eligible cities. The banking financial institution shall follow the interest rate repricing cycle and adjustment method specified in the loan contract to adjust the interest rate of the outstanding mortgage in a timely manner. In addition, the relevant departments should also improve the identification standards of the second housing. In the city not implementing the purchase restriction, for the family that has a set of housing and has settled the corresponding purchase loan, banking financial institutions should make the first suite loan policy available for them if they apply for a loan to buy ordinary commodity housing in order to improve the living conditions. The government will support Zhengzhou to carry out the reform of the pre-sale system of commercial housing and promote the pilot sale of existing housing in Zhengzhou and Kaifeng.