Wed, Oct 22, 2014
A A A
Welcome hendrik.absolut
RSS

Real Estate Briefing - Categorized | Market Moves, Regulatory more

China tightens property market further

Posted on 24 November 2010

From Theasset.com: China launched a fresh round of property tightening measures before National Day on October 1, in response to the recent pick-up in property prices and to prevent a possible buying frenzy during the long holiday.
Commercial banks have been ordered to stop lending for third and subsequent home purchases, according to a statement issued by People’s Bank of China (PBOC). Downpayment requirements for first-time and second-time home buyers are raised to 30% and 50% respectively. Banks need to prevent consumer loans from being used for home purchasing……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

 Article link

This post was written by:

Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


Contact the author

Comments are closed.

banner
October 2014
M T W T F S S
« May    
 12345
6789101112
13141516171819
20212223242526
2728293031