The maximum loan amount for the public housing fund is 3.4 million; Beijing's real estate market is experiencing a renewed wave of house viewings.
Since the new housing policy was introduced on August 7, a wave of property viewings has surged in Beijing's new home market, with some popular projects seeing a significant increase in foot traffic over the weekends, even requiring queues for viewings. Some agencies reported that the number of visits to their listed properties increased by 50% to 60% over the weekend. In the following two days, several first-line sales personnel stated that while the queues for viewings had slowed down, the market's enthusiasm still persisted. In the secondary housing market, intermediaries also noted an increase in inquiries and property viewings in their stores, although actual transactions will still require ongoing observation. Industry insiders stated that following the implementation of the new policy, Beijing's purchase restrictions have reached the most lenient stage since 2011, and the maximum amount for family provident fund loans is now on par with other first-tier cities, which will better support homebuyers in making purchases.
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