SMM

On August 8, Hainan Province Housing Provident Fund Administration issued a notice on carrying out second-hand housing “Transfer of real estate with mortgage” housing provident fund loan service, which means if the buyer and seller reached a consensus, they can voluntarily choose the service to change the property right. Under the premise that there are outstanding loans (housing provident fund loans, commercial loans, portfolio loans) in the seller’s real estate, if the buyer uses any way of housing provident fund loans, commercial loans, or portfolio loans, the Administration and the entrusted banks can support the second-hand housing transactions under this new mode.