Beijing announces new down payment ratio for commercial homes
By Liu Zhihua and Liu Zizheng | chinadaily.com.cn | Updated: 2024-06-26 21:37
The housing, finance and provident fund management authorities of Beijing city announced on Wednesday that the minimum down payment ratio for first commercial homes of the resident families in the Chinese capital purchased with loans will be adjusted to no less than 20 percent, starting from Thursday.
For second commercial homes located within the Fifth Ring Road, the minimum down payment ratio will be no less than 35 percent, while for those outside the Fifth Ring Road, the minimum down payment ratio will be no less than 30 percent.
Families with two or more children can enjoy mortgage treatment for first homes when they buy a second home, if they have hukou or household registration, of Beijing.
liuzhihua@chinadaily.com.cn
