30-09-2015, 06:15 PM
http://www.bloomberg.com/news/articles/2...wn-worsens
September 30, 2015 — 5:04 PM SGT
China cut the minimum down payment requirement for first-time homebuyers, stepping up support for the property market amid an economic slowdown.
The reduction to 25 percent applies to people buying homes in cities that don’t have home-purchase restrictions, the People’s Bank of China said in a statement on its website on Wednesday. The previous down payment requirement was 30 percent.
September 30, 2015 — 5:04 PM SGT
China cut the minimum down payment requirement for first-time homebuyers, stepping up support for the property market amid an economic slowdown.
The reduction to 25 percent applies to people buying homes in cities that don’t have home-purchase restrictions, the People’s Bank of China said in a statement on its website on Wednesday. The previous down payment requirement was 30 percent.