A series of major policies, such as the “8.28 Sale of Existing Homes”, have been in place for more than 10 days, and banks in Guangzhou have already begun implementing some of the policy requirements. “Mortgages can last for 40 years, but the income requirements for applicants are higher than before.” On September 7, a staff member at the Guangzhou Industrial and Commercial Bank Personal Loan Center told reporters. The Bank of China, China Construction Bank, and Agricultural Bank also revealed that they can apply for a mortgage for 40 years, but they all have age and other related requirements. Whether the stock projects that have not yet applied for a pre-sale certificate will all issue personal housing loans after completion and filing or after the sale is registered in accordance with the requirements of the New Deal is the focus of attention of housing enterprises. Up to now, Guangzhou has not announced relevant implementation rules, and banks have not publicly clarified this issue. “For enterprises, selling existing homes is a huge challenge. Existing projects have to be recalculated, and they need to consider where the money comes from and whether they are still developing without money.” On September 8, a housing enterprise insider expressed the hope that local regulations will allow some flexible space or buffer time for the development of existing land.

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