Reported 7 months ago
Following the booming housing market after the opening of New Qing'an Expressway, the Central Bank announced new measures to curb speculation. Despite freezing interest rates, the bank introduced the sixth wave of credit controls, reducing the maximum loan-to-value ratio for second homes in specific areas to 60%. Although the control measures were not expanded, experts believe the impact is milder than expected. They reassure that single home buyers in restricted areas need not worry, as the restrictions mainly affect those planning to purchase a second property.
Source: YAHOO