On May 8th, Galaxy Securities Research reported that on May 7th, the State Council Information Office held a press conference on “a package of financial policies to support market stability and expectations”, which mentioned “reducing the interest rate of personal housing provident fund loans by 0.25 percentage points” and introduced the acceleration of the introduction of a series of financing systems that are compatible with the new model of real estate development, to help continuously consolidate the stable situation of the real estate market. This time, the loan interest rates related to home purchases have been lowered, and it has been mentioned that incremental financing support policies will be introduced, including real estate development, personal housing, urban renewal, and other aspects. The research report believes that with the continuous promotion of policies, the threshold for residents to purchase houses is expected to be lowered, and the rigid and improved housing needs of residents are expected to be further supported. Under the support of policies, the allocation value of the real estate sector is highlighted. The research report believes that top real estate companies demonstrate excellent operational and management capabilities with financial advantages, and their market share is expected to further increase.
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