{"id":138602,"date":"2023-08-02T20:00:14","date_gmt":"2023-08-02T13:00:14","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-seeks-to-ease-household-pressure-free-up-spending-power-by-pushing-banks-to-lower-mortgage-rates\/"},"modified":"2023-08-02T20:07:36","modified_gmt":"2023-08-02T13:07:36","slug":"china-seeks-to-ease-household-pressure-free-up-spending-power-by-pushing-banks-to-lower-mortgage-rates","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-seeks-to-ease-household-pressure-free-up-spending-power-by-pushing-banks-to-lower-mortgage-rates\/","title":{"rendered":"China seeks to ease household pressure, free up spending power by pushing banks to lower mortgage rates"},"content":{"rendered":"


\nAuthorities 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.
\n
\nSource : South China Morning Post
\nRead more…China seeks to ease household pressure, free up spending power by pushing banks to lower mortgage rates<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Authorities say they will continue to \u2018support the stable and healthy growth of the property...<\/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-138602","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-A3w","jetpack-related-posts":[{"id":124778,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/house-hunters-in-mainland-china-come-off-the-sidelines-as-banks-lower-mortgage-rates\/","url_meta":{"origin":138602,"position":0},"title":"House hunters in mainland China come off the sidelines as banks lower mortgage rates","date":"March 2, 2022","format":false,"excerpt":"\r House 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\u2026","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":138602,"position":1},"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":129337,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shanghais-housing-market-rebounds-as-banks-quicken-loan-approvals-amid-lower-mortgage-rates-spurring-demand\/","url_meta":{"origin":138602,"position":2},"title":"Shanghai\u2019s housing market rebounds as banks quicken loan approvals amid lower mortgage rates, spurring demand","date":"September 7, 2022","format":false,"excerpt":"\r As house prices shoot up, the battered local economy should benefit as the city government fast-tracks approvals for home construction and rakes in higher proceeds from land auctions, say analysts.\r \r Source : South China Morning Post\r Read more...Shanghai\u2019s housing market rebounds as banks quicken loan approvals amid lower\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138527,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-top-housing-official-seeks-lower-mortgage-rates-down-payments-to-galvanise-market-recovery\/","url_meta":{"origin":138602,"position":3},"title":"China\u2019s top housing official seeks lower mortgage rates, down payments to galvanise market recovery","date":"July 28, 2023","format":false,"excerpt":"\r China is seeking to guide mortgage rates and down payment ratios down for first-time homebuyers to help galvanise market recovery. Tax rebates are also being thrown in, Beijing\u2019s top housing official says.\r \r Source : South China Morning Post\r Read more...China\u2019s top housing official seeks lower mortgage rates, down\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":126811,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-banks-profitability-can-weather-record-cut-in-mortgage-lending-rates-analysts-say\/","url_meta":{"origin":138602,"position":4},"title":"Chinese banks\u2019 profitability can weather record cut in mortgage lending rates, analysts say","date":"May 23, 2022","format":false,"excerpt":"\r Chinese banks are likely to survive an unexpectedly large cut in their loan prime rate, the benchmark they use to price mortgages and long-term infrastructure loans, thanks to lower funding costs that have given them more headroom to heed Beijing\u2019s call to support the ailing property sector, analysts said.\r\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"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":138602,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/138602"}],"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=138602"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/138602\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=138602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=138602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=138602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}