| 21.07.2009 - Shanghai to cut property loans, lift supply |
| From Jlmpacificepoch.com: China Banking Regulatory Commission's (CBRC) Shanghai bureau has asked local banks to tighten loans for second houses, reports Beijing Star Daily. Purchasers of second homes must pay a down payment of 40% of the total property price and will be charged interest at 110% of a national base rate, said Liu.......Full Article: Source |