Reporter Zhang Xiangyi
On September 20, the newly revised "Housing Provident Fund Management Regulations" (hereinafter referred to as the "Regulations") were officially implemented. Since the implementation of the "Regulations", many places have optimized housing provident fund policies according to local conditions, and clearly carried out business such as withdrawing housing provident funds for owner-occupied housing decoration.
For example, on October 12, the Changchun Municipal Housing Provident Fund Management Committee issued the "Notice on Adjusting Housing Provident Fund Usage Policies" to implement the "Regulations" and clearly support measures such as withdrawing housing provident funds to renovate self-occupied housing.
The Guangxi District Housing Provident Fund Management Center issued the "Notice on Adjusting Measures to Further Increase Support for the Payment, Deposit and Use of Housing Provident Fund" on October 10, adding new measures such as withdrawals for self-occupied housing decoration and renovation and renovation of old residential elevators. Among them, for the withdrawal of newly purchased and built houses for decoration, if the depositor and his spouse have purchased and built a self-occupied house for more than 6 months but less than 5 years, they can apply to withdraw the housing provident fund once a year for the decoration of the new house purchased and built.
In addition, in September, the Qingdao Housing Provident Fund Management Center issued the "Qingdao Housing Provident Fund Withdrawal Management Measures" to support employees in withdrawing housing provident fund account balances to renovate their own homes in Qingdao, pay Qingdao's self-occupied housing deed taxes, and special residential maintenance funds. The "Notice on Supporting the Withdrawal of Housing Provident Fund for Decoration" issued by the Suzhou Municipal Housing Provident Fund Management Center clearly supports the withdrawal of housing provident funds for decoration, and proposes detailed rules such as "the cumulative withdrawal amount of all withdrawals shall not exceed the value-added tax invoice amount of house decoration and decoration, and shall not exceed 150,000 yuan" and "the depositor and his spouse shall have no housing provident fund loan balance nationwide."
The Nanjing Housing Provident Fund Management Center issued the "Notice on Carrying out the Business of Housing Provident Fund Renovation and Property Fee Extraction for Self-occupied Housing" (hereinafter referred to as the "Notice"), which clearly supports the withdrawal of housing provident fund for decoration and the payment of property fees for withdrawal of housing provident fund. Among them, the decoration extraction business will start from October 9, 2026, and an appointment system will be implemented. Data from the Nanjing Housing Provident Fund Management Center shows that since the issuance of the "Notice", 50,000 depositors in Nanjing have successfully made appointments. On the first day of processing, about 7,800 depositors have completed business applications, and the amount applied for withdrawal is about 17 million yuan.
Yan Yuejin, deputy director of Shanghai E-House Real Estate Research Institute, analyzed that various localities implement the "Regulations" according to local conditions, and the upper limit of housing provident fund withdrawals for decoration ranges from 100,000 yuan to 300,000 yuan, which basically matches the local housing price level and housing stock characteristics.
Looking to the future, more regions will further optimize housing provident fund policies. For example, the Shenzhen Municipal Housing and Construction Bureau recently publicly solicited opinions on the "Notice on Supporting the Withdrawal of Housing Provident Funds and Other Related Matters for Renovated Housing (Draft for Comment)". According to the draft for comments, Shenzhen plans to add withdrawals for renovated housing, separate withdrawals for paid housing property fees, and gradually increase the standard for withdrawals from rental housing.
Li Yujia, chief researcher of the Guangdong Provincial Housing Policy Research Center, said that the new policy to be introduced in Shenzhen fully implements the principle of mentioning everything and encouraging diversified housing consumption, and conforms to the trend of residents’ housing demand shifting from mainly purchasing houses to diversified housing needs such as maintaining and repairing houses.
The relevant person in charge of the China Index Research Institute believes that the policy focus in the fourth quarter will shift to the implementation of supporting details for the real estate system reform, and demand-side policies are expected to continue to intensify. It is expected that various localities will continue to optimize housing provident fund policies, such as further broadening the use of withdrawals and increasing loan limits.
