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Beijing further eases mortgage policies
Published Mon, Mar 30, 2015 · 09:50 PM
Beijing
CHINA lowered down-payment requirements for some second homes, further easing mortgage policies as the government seeks to prop up the property market and counter an economic slowdown.
The People's Bank of China cut the minimum down payment to 40 per cent from 60 per cent for some people buying a second home before paying off an existing mortgage. The central bank made the announcement on its website.
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