Nanning's Policies on Housing Accumulation Fund Adjusted From May


Recently, the Housing Accumulation Fund Administration Committee of Nanning released the Notice on Adjusting Nanning's Policies on Housing Accumulation Fund and Nanning's new and stricter policies on housing accumulation fund should be implemented from May.

This adjustment aims at guaranteeing rigid demand on housing, and tightening loan polices on buying the second and third home. To be more specific, the down payment ratio and the loan rate on the second home have been increased, and the housing accumulation fund is not allowed to use for buying the third home.

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