Twenty-one cities rein in property market

(chinadaily.com.cn) Updated: 2016-10-12 07:06 Comments

Twenty-one cities in China have released tightening measures on home purchases since September 30, marking a new round of controls aimed at cooling down the fizzling market. Here is a list of the cities.

Beijing

Date of policy release: Sep 30, 2016

Highlights of the policies:

The down payment for first homebuyers should be no less than 35 percent, while that for second home purchases should be no less than 50 percent.

Twenty-one cities rein in property market

Night view of the CCTV Tower (center), the headquarters of China Central Television, and other buildings in Beijing, on May 18, 2016. [Photo/IC]

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