Notice in relation to the “Operational Guidelines for Purchasing Legally Auctioned Properties with Housing Provident Fund Loans in Zhongshan Municipality”
14 February 2025
The Zhongshan Housing Provident Fund Management Centre (“the authorities”) issued the “Notice in relation to the “Operational Guidelines for Purchasing Legally Auctioned Properties with Housing Provident Fund Loans in Zhongshan Municipality” (“the Notice”) on 14 February 2025. The authorities proposed that applicants eligible for personal housing loans from the housing provident fund may purchase properties that are auctioned by judicial activities organized by the People’s Court of Zhongshan Municipality. The loan ratio, term, and interest rate will follow the current regulations for second-hand housing provident fund loans in Zhongshan Municipality, with the loan amount calculated based on the lower of the auction price and the property appraisal value.