Beijing has further loosened property curbs in an effort to revive a sluggish housing market. According to an official notice broadcast by state media, families deemed eligible will, from 9 August, face no limit on the number of residential units they can buy outside the capital’s Fifth Ring Road. The city also reduced the minimum down-payment requirement for second-home purchases financed through Housing Provident Fund loans, a move aimed at lowering the upfront cost for repeat buyers. Details of the new ratio were not disclosed in the notice, but the adjustment adds to a series of nationwide steps by local governments to stabilise real-estate demand amid continuing price and sales weakness.
Beijing on Friday announced further optimization for its housing policies, with measures including that eligible families face no restrictions on the number of housing units purchased outside the fifth ring road, according to an official notice issued by responsible local https://t.co/h14Bzpo2QG
[Recap] The Hong Kong government has recovered around 9,000 public rental flats over the past three years amid a crackdown on “rich tenants" and an abuse of public resources. https://t.co/Qbe2zlhI02
Beijing Changes Housing Purchase Rules to Ease Restrictions 🎯🏘️