Property News · March 17, 2017

Beijing rolls out harshest ever home buyer down payment levels


Beijing municipal government imposed the harshest down payment requirements in history on Friday, after previous property cooling measures failed to prevent an ongoing and frenetic home-buying spree.
Down payments for second-time “ordinary home” buyers was raised to a minimum 60 per cent, from 50 per cent before, while second-time “non-ordinary home” buyers will have to pay a minimum of 80 per cent, up from 70 per cent, according to the city’s housing and banking…

Source : South China Morning Post
Read more…Beijing rolls out harshest ever home buyer down payment levels

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