Car parking spaces can be purchased with provident fund withdrawals! Can also be used to pay heating fees and property management fees - multiple cities issue notices!

Source: Securities Times Network Author: Zhang Da

Recently, many regions have adjusted and optimized their housing provident fund policies.

On March 19, Shenyang announced new policies for the housing provident fund, including a phased increase in the maximum loan amount, expanding the scope of “commercial to public” loan support, temporarily removing the limit on the number of provident fund loans, supporting depositors in purchasing parking spaces (garages), and increasing the amount that can be withdrawn for rent.

On March 13, Inner Mongolia adjusted its housing provident fund withdrawal policies, including increasing the withdrawal limit for rent, supporting withdrawals for heating fees, property management fees, residential special maintenance funds, deed taxes, and more.

According to incomplete statistics from the China Index Research Institute, since the beginning of this year, over 30 cities nationwide have adjusted and optimized their housing provident fund loan policies, making the provident fund an important tool for policy adjustments, optimization, and promoting housing consumption. Recently, many regions have started by expanding the scope of provident fund withdrawals when adjusting their loan policies.

The China Index Research Institute believes that expanding the use of provident fund withdrawals can effectively improve the efficiency of housing provident fund utilization, reduce residents’ housing purchase costs, and promote the vitality of housing consumption. The trend of promoting housing consumption through policy adjustments to the provident fund will further strengthen in the future.

Shenyang Releases 5 New Policies for the Provident Fund

On March 19, according to “Shenyang Release,” Shenyang held a press conference on optimizing and adjusting housing provident fund policies.

Li Zan, Deputy Director of the Shenyang Housing Provident Fund Management Center, introduced that to further expand the scope of provident fund use, support investment in people and the construction of “good houses,” and better support rigid and diversified housing needs, the Shenyang Housing Provident Fund Management Committee has approved and implemented five policy adjustments regarding provident fund loans and withdrawals.

1. Phased increase in the maximum loan amount. Starting March 15, 2026, for employees who contribute solely to the housing provident fund, the maximum loan amount will be increased from 650,000 yuan to 900,000 yuan; for couples both contributing, from 850,000 yuan to 1.5 million yuan; for families with three or more members contributing jointly, from 1.05 million yuan to 2.1 million yuan.

Li Zan stated that after the new maximum loan limits are combined with a 1.2 times coefficient, the limits for single depositors, couples, and families will increase by approximately 25,000 yuan to 1.05 million yuan. Key groups such as new residents, youth, high-level talents, and large families will also see significant increases in their loan limits.

2. Expand the support scope for “commercial to public” loans. To effectively expand the benefit groups for “commercial to public” loans and support new residents, youth, large families, and high-level talents in applying for such loans, the policy will allow the loan amount to be increased by 1.3 to 4 times, based on individual repayment ability and housing prices.

Li Zan said that compared to the original policy, the loan limits for key protection groups will be significantly increased, effectively reducing the repayment pressure on first-time homebuyers.

3. Temporarily remove the limit on the number of provident fund loans. From March 15, 2026, to December 31, 2026, depositors purchasing new homes or applying for “commercial to public” loans will not be restricted by the number of loans if their family members have already paid off previous provident fund loans. They will also be eligible for first-time home purchase down payments and preferential loan rates. This policy will benefit more groups seeking to improve their housing.

4. Support depositors in purchasing parking spaces (garages) in phases. To meet all housing funding needs, starting March 15, depositors and their spouses can withdraw funds to buy parking spaces or garages within the city for their own residence. If purchasing a space or garage without property registration in the same community within one year of buying a home, they can withdraw up to 30,000 yuan jointly. For registered properties, support will follow existing policies for home purchases. Multiple parking spaces or garages can be supported with one withdrawal per property.

5. Increase the withdrawal limit for rent. To meet high-quality rental needs of new residents and youth, the rent withdrawal limit for single depositors without rental registration will be increased from 1,600 yuan/month to 2,000 yuan/month. Those who have already withdrawn under the original limit will continue to do so at the new limit.

Li Zan said these five policies will be implemented from March 15, 2026, with parking space and garage withdrawal services starting from April 10, 2026. The policies to increase the maximum loan amount, remove loan limits, and support parking space purchases are temporary, valid until December 31, 2026. The Shenyang Housing Provident Fund Management Center will continue to optimize policy supply and expand the scope of provident fund use to better meet residents’ diverse and all-scenario housing needs.

Inner Mongolia Adjusts Housing Provident Fund Withdrawal Policies

On March 13, Inner Mongolia adjusted its housing provident fund withdrawal policies.

1. Increase the withdrawal limit for rent. Employees who have contributed fully and continuously for three months, and who have no self-occupied housing and rent within Hohhot city, can withdraw up to 14,000 yuan per year, increased by 30% to 18,200 yuan. Families with two or more children will see a 50% increase, up to 21,000 yuan per year.

2. Support withdrawals for heating fees. Employees and their spouses who own self-occupied housing within Hohhot can apply to withdraw heating fees for up to two properties, with the total annual withdrawal not exceeding the actual heating costs paid, starting from the 2025-2026 heating season.

3. Support withdrawals for property management fees. Employees and their spouses who own self-occupied housing within Hohhot can apply to withdraw property management fees for up to two properties, with the total annual withdrawal not exceeding the actual fees paid, starting from 2026.

4. Support withdrawals for residential special maintenance funds. Employees and their spouses, parents, or children who own self-occupied housing within Hohhot and have not exceeded the withdrawal period can apply to withdraw funds for residential maintenance, with the total not exceeding the amount paid for such maintenance.

5. Support withdrawals for deed taxes. Employees and their families who own self-occupied housing within Hohhot and have not exceeded the withdrawal period can apply to withdraw funds for deed taxes, with the total not exceeding the amount paid.

(Edited by: Wen Jing)