Shanghai eases home-purchase restrictions and lowers downpayment ratios for mortgages.
Shanghai implements new measures to enhance homebuyers' support, including easing home-purchase restrictions for non-Shanghai residents, divorced couples, and families with two or more children. The lending cap for mortgages linked to the housing provident fund is lifted, and the minimum downpayment ratio for individual commercial housing mortgages is lowered to 20% for first-home purchases and 35% for second-home purchases.
May 27, 2024
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