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Zhumadian city has lowered the..........>

CHINA PRESS
CHINA PRESS: Zhumadian city has lowered the minimum down payment ratio for new
housing to 20% from 30% under the housing provident fund policy, the Beijing
News reports. The municipal government of the city in Henan Province will also
subsidize certain buyers, including key talents and migrant workers, from CNY100
up to CNY200 per square metre for their first home. The move signals the start
of the second phase of the bailout policy to stimulate home purchase demand,
according to Zhang Dawei, chief analyst at Centaline Property. Previous measures
have targeted real estate developers and sought to ease their funding pressures
amid the coronavirus outbreak. 

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