On December 24, the website of the Beijing Municipal Commission of Housing and Urban-Rural Development issued a notice to further optimize and adjust the city's real estate-related policies, with the full text as follows:
Notice from the Beijing Municipal Commission of Housing and Urban-Rural Development, Beijing Municipal Development and Reform Commission, People's Bank of China Beijing Branch, and Beijing Housing Provident Fund Management Center on Further Optimizing and Adjusting the Real Estate-Related Policies in the City
In order to promote the steady and healthy development of the real estate market and better meet residents' rigid housing demands and diversified demands for improved housing, the following notice is hereby issued on further optimizing and adjusting real estate-related policies:
1.For families of residents without local household registration purchasing commercial housing within the Fifth Ring Road, the required number of consecutive years of social insurance or personal income tax payments is adjusted to two years or more prior to the purchase date; for those purchasing commercial housing outside the Fifth Ring Road, the required number of consecutive years of social insurance or personal income tax payments is adjusted to one year or more prior to the purchase date.
2.For resident families with two or more children (including families with or without the city's household registration), in addition to complying with the existing home purchase restriction policies, they are allowed to purchase one more commercial housing unit within the Fifth Ring Road.
3.In accordance with the requirements of Beijing's market interest rate pricing self-regulatory mechanism, as well as factors such as their own operational conditions and customers' risk profiles, banking financial institutions will no longer differentiate between first-time and second-time home purchases in their interest rate pricing mechanisms, and will reasonably determine the specific interest rate levels for each commercial individual housing loan.
4.If the loan applicant uses a housing provident fund loan to purchase a second home, the minimum down payment ratio shall be no less than 25%.
5.To further optimize the business environment, the approval process for real estate development projects (including commercial residential buildings, hotels, office buildings, etc.) that acquire land through bidding, auction, and listing will be adjusted from district level approval to district level filing.
This notice shall come into effect on December 24, 2025. In the event of any discrepancies between the previous policies and this notice, this notice shall prevail.