Reported 7 months ago
Zhou Heming stated that the Ministry of Finance and the central bank have taken a stricter stance on the housing market, clearly throwing a 'cooling changeup.' Following the launch of the new Youth Housing Loan Program, the market has become active, prompting official measures against speculation. While the central bank has kept interest rates steady, they introduced a sixth round of credit control in specific areas, reducing the loan-to-value ratio limit for second homes to 60%, showing vigilance toward the overheated market. Although this may have a restraining effect on the market, there is a possibility that funds may shift to non-controlled areas.
Source: YAHOO