Guangzhou Optimizes Real Estate Market Policies, Lifts Three Restrictions

Published: Jun 13, 2025 13:38

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[Guangzhou: Optimizing Real Estate Policies, Fully Lifting Purchase, Resale, and Price Restrictions, and Reducing Loan Down Payment Ratios and Interest Rates] The "Guangzhou Municipal Implementation Plan for Special Actions to Boost Consumption (Draft for Public Consultation)" is open for public comments. It mentions the orderly reduction of consumption restrictions. Real estate policies will be optimized by fully lifting purchase, resale, and price restrictions, and reducing loan down payment ratios and interest rates. This will better meet housing consumption demands. Solid progress will be made in the renovation of urban villages and old residential communities. In 2025, it is planned to commence renovations on over 150 old residential communities, replace over 9,000 old elevators in residential buildings, and achieve fixed asset investment of 100 billion yuan in the renovation of urban villages. Efforts will be made to promote the use of special loans to purchase existing commercial housing as resettlement housing. The policies governing the use of housing provident funds will be continuously optimized, supporting contributors in applying for individual housing loans from their housing provident funds while withdrawing funds to pay for down payments on home purchases, and further refining policies and measures for withdrawing funds for rent payments.

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