{"id":138974,"date":"2023-08-30T11:59:53","date_gmt":"2023-08-30T04:59:53","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-bank-of-communications-to-initiate-a-mortgage-rate-cut-hewing-to-the-push-to-make-first-homes-more-affordable-and-lift-housing-slump\/"},"modified":"2023-08-30T12:08:47","modified_gmt":"2023-08-30T05:08:47","slug":"chinas-bank-of-communications-to-initiate-a-mortgage-rate-cut-hewing-to-the-push-to-make-first-homes-more-affordable-and-lift-housing-slump","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-bank-of-communications-to-initiate-a-mortgage-rate-cut-hewing-to-the-push-to-make-first-homes-more-affordable-and-lift-housing-slump\/","title":{"rendered":"China\u2019s Bank of Communications to \u2018initiate\u2019 a mortgage rate cut, hewing to the push to make first homes more affordable and lift housing slump"},"content":{"rendered":"


\nThe mortgage rate cut by Bank of Communications or BoCom, as China\u2019s fifth-biggest lender is called, could spur larger banks to follow, days after the Chinese central bank and housing ministry eased their mortgage rules.
\n
\nSource : South China Morning Post
\nRead more…China\u2019s Bank of Communications to \u2018initiate\u2019 a mortgage rate cut, hewing to the push to make first homes more affordable and lift housing slump<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The mortgage rate cut by Bank of Communications or BoCom, as China\u2019s fifth-biggest lender is...<\/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-138974","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-A9w","jetpack-related-posts":[{"id":24364,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bank-of-chinas-hong-kong-unit-cuts-mortgage-rate-to-lure-buyers-offset-concern-of-us-rate-hike\/","url_meta":{"origin":138974,"position":0},"title":"Bank of China\u2019s Hong Kong unit cuts mortgage rate to lure buyers, offset concern of US rate hike","date":"August 30, 2016","format":false,"excerpt":"\r Bank of China\u2019s Hong Kong unit said it has cut its mortgage rate by 10 basis points, offering the cheapest loan in the city to attract buyers and offset rising concern of a possible rate increase in the US.\r \r Source : South China Morning Post\r Read more...Bank of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":144427,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-to-cut-mortgage-rates-as-part-of-plan-to-prop-up-property-market\/","url_meta":{"origin":138974,"position":1},"title":"China to cut mortgage rates as part of plan to prop up property market","date":"May 17, 2024","format":false,"excerpt":"\r Local authorities will be allowed to turn unsold homes from developers into affordable housingChina will cut mortgage rates and allow local authorities to turn unsold homes from developers into affordable housing, in a series of drastic measures by Beijing aimed at propping up the country\u2019s faltering property market.The People\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122140,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bank-of-china-dangles-cash-reward-for-going-green-with-mortgages-for-sustainable-housing\/","url_meta":{"origin":138974,"position":2},"title":"Bank of China dangles cash reward for going green with mortgages for sustainable housing","date":"September 22, 2021","format":false,"excerpt":"\r Bank of China (Hong Kong), the largest provider of financing for completed homes in the city, is teaming up with developers to offer cash rewards to mortgage applicants in residential developments with \u201cgreen credentials.\u201dThe local unit of China\u2019s third-largest banking group has lined up several projects from 10 developers\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124673,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-housing-market-gets-lifelines-as-cities-lenders-ease-down-payment-and-financing-to-arrest-slump\/","url_meta":{"origin":138974,"position":3},"title":"China\u2019s housing market gets lifelines as cities, lenders ease down payment and financing to arrest slump","date":"February 23, 2022","format":false,"excerpt":"\r More mainland Chinese cities are taking steps to shore up the property market as local governments and lenders eased the requirements on down payments and mortgage financing to arrest the worst slump in home sales in a decade.In Heze, a city in northern Shandong province, four major banks have\u2026","rel":"","context":"In "Property 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