{"id":124778,"date":"2022-03-02T06:30:19","date_gmt":"2022-03-01T23:30:19","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/house-hunters-in-mainland-china-come-off-the-sidelines-as-banks-lower-mortgage-rates\/"},"modified":"2022-03-02T08:03:21","modified_gmt":"2022-03-02T01:03:21","slug":"house-hunters-in-mainland-china-come-off-the-sidelines-as-banks-lower-mortgage-rates","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/house-hunters-in-mainland-china-come-off-the-sidelines-as-banks-lower-mortgage-rates\/","title":{"rendered":"House hunters in mainland China come off the sidelines as banks lower mortgage rates"},"content":{"rendered":"


\nHouse hunters in China have been coming off the sidelines to take the plunge, tempted by big monthly savings as mortgage rates have dropped across the country.Wang Ning and his wife finally decided to buy a 3 million yuan (US$480,000) two-bedroom home in Nanjing\u2019s downtown when they found the total amount they needed to pay the bank for a 30-year loan had been cut by around 450,000 yuan from late last year.\u201cI have to get my home eventually, so why not get one when loans are cheaper and easier\u2026
\n
\nSource : South China Morning Post
\nRead more…House hunters in mainland China come off the sidelines as banks lower mortgage rates<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

House hunters in China have been coming off the sidelines to take the plunge, tempted...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-124778","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-wsy","jetpack-related-posts":[{"id":99112,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/as-homebuyers-wait-on-the-sidelines-builders-tempt-them-with-special-mortgage-rates-cash-discounts\/","url_meta":{"origin":124778,"position":0},"title":"As homebuyers wait on the sidelines, builders tempt them with special mortgage rates, cash discounts","date":"October 4, 2018","format":false,"excerpt":"\r Hong Kong developers are offering cash rebates and lower mortgage rates to drum up sales after residential transactions hit a 20-month low, as rising interest rates, volatile stock market and worsening US-China trade war keep buyers on the sidelines. Vanke Property (Hong Kong), a wholly owned unit of China\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138996,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-state-banks-face-profit-squeeze-as-they-comply-with-beijings-call-for-mortgage-rate-cuts-to-aid-property-market\/","url_meta":{"origin":124778,"position":1},"title":"China\u2019s state banks face profit squeeze as they comply with Beijing\u2019s call for mortgage-rate cuts to aid property market","date":"September 1, 2023","format":false,"excerpt":"\r Banks will cut rates on 16 trillion yuan (US$2.2 trillion) of existing first-home loans, helping households save up to 109 billion yuan in interest, ANZ says. The cut will have a tangible impact on profit margins.\r \r Source : South China Morning Post\r Read more...China\u2019s state banks face profit\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":766,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mainland-china-developer-future-land-obtains-15-billion-yuan-in-bank-credit-lines\/","url_meta":{"origin":124778,"position":2},"title":"Mainland China developer Future Land obtains 15 billion yuan in bank credit lines","date":"January 5, 2016","format":false,"excerpt":"\r Shanghai-based Future Land Development says it has recently obtained a total of 15 billion yuan in new bank credit lines from two mainland banks. Together with existing credit lines, the company said it now had bank credit lines totalling 38.8 billion yuan.\r \r Source : South China Morning Post\r\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":146473,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-property-market-sees-green-shoots-as-buyers-anticipate-rate-cut-lower-mortgage-rates\/","url_meta":{"origin":124778,"position":3},"title":"UK property market sees green shoots as buyers anticipate rate cut, lower mortgage rates","date":"July 22, 2024","format":false,"excerpt":"\r Hong Kong- and mainland China-based buyers could return to UK property markets on prospects of lower interest rates and mortgage costs.\r \r Source : South China Morning Post\r Read more...UK property market sees green shoots as buyers anticipate rate cut, lower mortgage rates","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":104785,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shenzhen-banks-become-first-in-chinas-megacities-to-ease-mortgage-rates-others-may-follow-suit-say-analysts\/","url_meta":{"origin":124778,"position":4},"title":"Shenzhen banks become first in China\u2019s megacities to ease mortgage rates \u2013 others may follow suit, say analysts","date":"March 8, 2019","format":false,"excerpt":"\r Mortgage rates in Shenzhen have begun to creep down, in a sign that the strict property controls holding house prices in check in mainland China\u2019s biggest cities may be starting to loosen.\r\rSome of the southern city\u2019s banks have tentatively lowered their borrowing costs for homeowners in the last few\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138602,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-seeks-to-ease-household-pressure-free-up-spending-power-by-pushing-banks-to-lower-mortgage-rates\/","url_meta":{"origin":124778,"position":5},"title":"China seeks to ease household pressure, free up spending power by pushing banks to lower mortgage rates","date":"August 2, 2023","format":false,"excerpt":"\r Authorities say they will continue to \u2018support the stable and healthy growth of the property market\u2019 amid China\u2019s overall economic slowdown, with one pledge to ask commercial banks to lower mortgage rates for existing borrowers.\r \r Source : South China Morning Post\r Read more...China seeks to ease household pressure,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/124778"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=124778"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/124778\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=124778"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=124778"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=124778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}