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Ceiling for home loans increased

Business | Real estate
2008-10-16

SHANGHAI has raised the ceiling of mortgage lending in the city's housing fund program by as much as 20 percent for some households in a bid to boost the local property market where home sales have tumbled. The...

No change to housing fund contribution limits

Metro
2008-6-25

PEOPLE covered by the city's housing fund program will continue to pay a maximum 7 percent of their monthly salary to the fund in the coming year, Shanghai Provident Fund Management Center said yesterday. This...

Boost plan for housing fund

Business | Real estate
2008-4-30

SHANGHAI is considering a plan which would allow people to pay a higher percentage of their monthly salary into the local housing fund program, the Shanghai Provident Fund Management Center said yesterday. "We...

Housing fund record lending

Business | Real estate
2008-3-21

SHANGHAI'S public housing fund lent a record amount of mortgages in 2007 amid robust housing demand from end-users due to its lower interest rate compared to those offered by commercial banks. The Shanghai Provident...

Public housing fund ups quota

Business | Real estate
2007-8-17

MORTGAGE loans issued by the Shanghai public housing fund to each family will be raised to as much as a half million yuan next month. The Shanghai Provident Fund Management Center, the city's public housing fund...

Housing fund mortgages rise while commercial loans drop

Business | Real estate
2007-1-1

SHANGHAI'S public housing fund issued almost twice as many mortgage loans in 2006 while commercial lenders suffered a 31 percent decrease as the result of government measures designed to drive speculative investment out of the real estate market.

Housing fund, banks eye moves to revive mortgages

Business | Banking
2006-4-11

THE fall in apartment sales in Shanghai, which seems unabated, has spurred the government's housing fund and commercial banks to take initiatives to revive their mortgage business that has seen a significant drop since June.

Home buyers likely to get bigger mortgages

Business | Real estate
2006-3-28

SHANGHAI is considering to raise significantly the maximum limit for home buyers seeking mortgage loans from the city's public housing fund and allowing more channels to pay out the funds, a government official said yesterday.

Home buyers able to borrow more

Business | Real estate
2005-1-28

SHANGHAI residents will be able to borrow more from the city's public housing fund from next Tuesday as the government tries to ease the financial pressure faced by the public in buying homes.

Longer term for home loans

Business | Banking
2001-2-16

SHANGHAI Provident Fund Management Center yesterday extended the term for repaying public housing loans, which carry lower-than-commercial interest rates, from 10 years to 15 years for buyers of resale apartments.