On October 9, Hangzhou rolled out the latest optimization policy related to real estate in order to meet the housing needs of residents. The specific measures are shown below:

1. Reduce the interest rate of existing housing mortgage. In terms of commercial personal housing loans, do not need to distinguish between the first and second houses. Set the minimum down payment ratio to 15 percent.

2. Optimize the housing provident fund loan policy, increase the maximum loan amount to 1.3 million yuan, and raise the loan limit for green low-carbon building purchase or “trade-in” by 20 percent.

3. Cancel the price limit measures for newly-transferred land.

4. Encourage all the districts and counties (cities) to release the measures such as house purchase subsidy and housing voucher settlement.

5. Assist in real estate financing and project loan.