Hangzhou Housing Provident Fund Management Committee allows contributing households to apply to withdraw housing provident fund for renovations of owner-occupied homes within the city. Withdrawals may equal the VAT invoice amount issued by a contractor with renovation qualification and the renovation contract, up to a maximum of 250,000 yuan. For owner-occupied homes with a property certificate aged 15 years or more, aging-adaptation or refurbishment withdrawals may be calculated at a flat rate

Hangzhou Housing Provident Fund Management Committee allows contributing households to apply to withdraw housing provident fund for renovations of owner-occupied homes within the city. Withdrawals may equal the VAT invoice amount issued by a contractor with renovation qualification and the renovation contract, up to a maximum of 250,000 yuan. For owner-occupied homes with a property certificate aged 15 years or more, aging-adaptation or refurbishment withdrawals may be calculated at a flat rate of 1,000 yuan/sq m based on floor area without requiring VAT invoices or renovation contracts. Households may only apply for a subsequent renovation withdrawal after at least 10 years from the prior renovation withdrawal.