{"id":95793,"date":"2018-08-10T12:33:49","date_gmt":"2018-08-10T05:33:49","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/shanghai-lowers-first-home-mortgage-rates-to-revive-market-and-boost-economic-growth\/"},"modified":"2018-08-10T13:03:09","modified_gmt":"2018-08-10T06:03:09","slug":"shanghai-lowers-first-home-mortgage-rates-to-revive-market-and-boost-economic-growth","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shanghai-lowers-first-home-mortgage-rates-to-revive-market-and-boost-economic-growth\/","title":{"rendered":"Shanghai lowers first-home mortgage rates to revive market and boost economic growth"},"content":{"rendered":"


\nTwo state-owned banks in Shanghai have lowered their first-home mortgage rates in an unprecedented move to ease buying restrictions after two years of controls to cool the overheated property market.
\nBorrowers will be eligible for a 10 per cent discount off the benchmark interest rate, up from a previous 5 per cent, at the Shanghai branches of the Industrial and Commercial Bank of China and the Agricultural Bank of China from Friday. This means the rate will be lowered to 4.41 per cent from 4….
\n
\nSource : South China Morning Post
\nRead more…Shanghai lowers first-home mortgage rates to revive market and boost economic growth<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Two state-owned banks in Shanghai have lowered their first-home mortgage rates in an unprecedented move...<\/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-95793","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-oV3","jetpack-related-posts":[{"id":159853,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shanghai-eases-property-rules-to-revive-sluggish-housing-market\/","url_meta":{"origin":95793,"position":0},"title":"Shanghai eases property rules to revive sluggish housing market","date":"August 25, 2025","format":false,"excerpt":"\r Shanghai, the commercial and financial hub of mainland China, has further relaxed its home purchase policy, following Beijing\u2019s lead to rejuvenate the nation\u2019s sluggish property market. Local residents could now own an unlimited number of flats outside the city\u2019s outer ring road, an area where two-thirds of Shanghai\u2019s housing\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":126889,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-mortgage-rate-cut-lower-down-payment-requirements-could-save-homebuyers-10-per-cent-in-monthly-instalments-revive-home-sales\/","url_meta":{"origin":95793,"position":1},"title":"China mortgage rate cut, lower down payment requirements could save homebuyers 10 per cent in monthly instalments, revive home sales","date":"May 31, 2022","format":false,"excerpt":"\r A cut in mortgage rates announced on Friday last week, coupled with lower down payment requirements for first-time buyers, could revive Chinese home sales, analysts said.\r \r Source : South China Morning Post\r Read more...China mortgage rate cut, lower down payment requirements could save homebuyers 10 per cent in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":160583,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shanghai-home-sales-buoyed-by-incentives-but-sustainable-recovery-not-in-sight\/","url_meta":{"origin":95793,"position":2},"title":"Shanghai home sales buoyed by incentives but sustainable recovery not in sight","date":"September 7, 2025","format":false,"excerpt":"\r Housing transactions in Shanghai ticked up after local authorities relaxed home purchase restrictions and lowered mortgage rates to underpin the stagnant property market. But the buying spree may be short-lived due to mounting worries about the economy and job prospects. \u201cThe stimulus policies have effectively inspired some buyers with\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":134364,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-property-crisis-thirty-cities-cut-mortgage-rates-on-first-homes-to-key-level-in-bid-to-boost-struggling-market\/","url_meta":{"origin":95793,"position":3},"title":"China property crisis: thirty cities cut mortgage rates on first homes to key level in bid to boost struggling market","date":"February 2, 2023","format":false,"excerpt":"\r Thirty mainland Chinese cities lowered mortgage rates for first-time buyers to below the key level of 4.1 per cent in January, according to the Beike Research Institute, as local governments respond to Beijing\u2019s pledge to help people get onto the property ladder.\r \r Source : South China Morning Post\r\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119091,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-extends-pilot-fixed-rate-mortgages-scheme-by-a-year-lowers-interest-rates-to-combat-pandemic-fallout\/","url_meta":{"origin":95793,"position":4},"title":"Hong Kong extends pilot fixed-rate mortgages scheme by a year, lowers interest rates to combat pandemic fallout","date":"November 2, 2020","format":false,"excerpt":"\r The Hong Kong Mortgage Corporation (HKMC) has extended a pilot scheme for fixed-rate mortgages by a year, and said interest rates will also be lowered further, as the city faces rising unemployment and a recession amid the coronavirus pandemic.The application period for the Fixed-rate Mortgage Pilot Scheme has been\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":134591,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-cities-cut-mortgage-rates-for-first-time-buyers-to-lowest-since-2019-in-bid-to-revive-property-market\/","url_meta":{"origin":95793,"position":5},"title":"Chinese cities cut mortgage rates for first-time buyers to lowest since 2019 in bid to revive property market","date":"February 20, 2023","format":false,"excerpt":"\r The average rate for a first home in 103 mainland Chinese cities fell to 4.04 per cent in February, the lowest level since 2019, according to the Beike Research Institute.\r \r Source : South China Morning Post\r Read more...Chinese cities cut mortgage rates for first-time buyers to lowest since\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\/95793"}],"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=95793"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/95793\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=95793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=95793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=95793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}