Reported 4 months ago
Three major Chinese cities, Shanghai, Shenzhen, and Guangzhou, have relaxed homebuying regulations by reducing downpayment requirements and offering cheaper home loans to stimulate demand in the property market following the central government's aid measures. This move is expected to boost property sales and stabilize housing prices, with analysts anticipating Beijing to follow suit. The easing measures aim to restore homebuyer confidence amid falling prices and job insecurity, with hopes of a potential sales recovery in the coming months.
Source: YAHOO