Beijing has unveiled a broader round of property support measures, cutting the social security or individual income tax payment record required for non-Beijing-resident families to buy commercial housing within the Fifth Ring Road to one year from two years and lifting housing provident fund loan ceilings to record levels. The package, issued jointly by three municipal authorities on Aug. 7 and effective Aug. 8, also allows adult children to receive gifted homes from parents without their homebuying eligibility being checked, expands pre-owned home transfers with existing mortgages to properties with outstanding provident fund loans, and introduces withdrawals from provident fund accounts for home renovation. Under the new rules, non-Beijing-resident families with one year of social security or tax payments can buy one commercial housing unit within the Fifth Ring Road, while multi-child families can buy one additional unit, and there is no longer any purchase limit outside the Fifth Ring Road. Provident fund support was also widened, with first-home loan caps rising to 1.2 million yuan for single contributors and 2.4 million yuan for dual-income families before add-ons. With all preferential conditions stacked, the ceiling reaches 1.8 million yuan for single contributors and 3.4 million yuan for dual-income families. Analysts said the changes lower entry barriers and financing pressure ahead of the traditional autumn sales season, though the full effect on transactions may take several months to show up.