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Xingtai, Hebei: Encourage "parking loans" and suspend or reduce the supply of homesteads in some areas.
On September 19, the Housing and Urban-Rural Development Bureau of Xingtai City, Hebei Province issued "Several Measures on Further Supporting the Healthy Development of the Real Estate Industry" (hereinafter referred to as "Measures"), which involved 10 measures such as the qualification of the first suite and the suspension of the supply of commercial residential land in some areas.

The "Measures" propose to implement the first home loan policy for families who own a house and have settled the corresponding housing loan and applied for a loan to buy a house again; Encourage and support commercial banks to launch long-term "parking loan" products to reduce the economic pressure of property buyers.

The "Measures" propose to reasonably grasp the rhythm of land supply. In accordance with the principle of balance between supply and demand, according to the scale of commercial housing sales, construction and land supply in this city, the municipal natural resources planning department shall, jointly with the municipal housing construction department, scientifically prepare the annual residential land supply plan to ensure the demand for commercial housing land. At this stage, the supply of residential land will be moderately reduced or suspended in areas where the transaction volume of commercial housing continues to decline year-on-year and the de-melting cycle exceeds a reasonable range.