Xiamen plans to implement the policy of "Issue loans based on housing ownership"

The Xiamen Municipal Development and Reform Commission issued the “Notice On Publicly Soliciting Opinions Of Xiamen City On Several Measures To Further Stabilize Growth And Promote High-Quality Economic Development” on August 29. It is proposed to implement the first-home loan policy of “Issue loans based on housing ownership”. When a family (including the borrower, spouse, and minor children, the same below) applies for a loan to purchase commercial housing, if the family member does not own complete ownership of one house in Xiamen, regardless of whether they had used the loan to purchase a house, banking Institutions should issue loans following the first housing credit policy.