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Chinese Cities Further Ease Homebuying Restrictions

CHINA PRESS
MNI (Singapore)
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Upper tier-two city Chengdu in Southwestern China relaxed home purchase restriction across the city from Monday, with more easing in other cities expected, Shanghai Securities News reported. Beijing city also relaxed loan restrictions for divorced families last week. After the adjustment, homebuyers who divorced less than one year and own no property can enjoy the down-payment ratio and interest rates for “first-time” buyers. Beijing still applies relatively strict policies which are expected to be further relaxed, the newspaper said citing analysts.

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Upper tier-two city Chengdu in Southwestern China relaxed home purchase restriction across the city from Monday, with more easing in other cities expected, Shanghai Securities News reported. Beijing city also relaxed loan restrictions for divorced families last week. After the adjustment, homebuyers who divorced less than one year and own no property can enjoy the down-payment ratio and interest rates for “first-time” buyers. Beijing still applies relatively strict policies which are expected to be further relaxed, the newspaper said citing analysts.