Fujian: Encouraging regions to set up platforms for selling old houses and buying new ones, and encouraging brokerage agencies to prioritize recommending old houses for sale.

The Housing and Urban-Rural Development Department of Fujian Province recently released the "Several Opinions on Further Promoting the Stable Development of the Real Estate Market". It proposes to encourage the "selling old and buying new" policy. Fully implement preferential policies such as personal selling housing value-added tax and personal income tax refund for purchasing housing. Encourage local governments to set up platforms for the "selling old and buying new" of commercial housing, support real estate brokerage agencies, development enterprises and buyers to sign a three-party agreement, and encourage brokerage agencies to give priority to promoting "old" housing sources with a designated sales deadline. If the house is not sold within the deadline, the agreement can be terminated without penalty and the earnest money refunded. Regulate the trading order of the second-hand housing market, promote cross-bank "escrow transfer of ownership", simplify the transaction process, and encourage development enterprises to provide purchase discounts for the "selling old and buying new" of commercial housing. Depositors who sell their own homes within the province and purchase a second self-occupied home within 12 months can apply for housing provident fund loans, and those who meet the conditions for housing provident fund loans will be charged at the interest rate for the first home.