People's Bank of China and China Banking Regulatory Commission, Circular on Issues Relevant to Further Improving the Differential Loan Policies on Residential Premises
中国人民银行、中国银行业监督管理委员会关于进一步完善差别化住房信贷政策有关问题的通知
October 15, 2015 | BY
clpstaff &clp articlesHousing purchase restrictions lifted for non-top-tier cities.
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Issued: September 24 2015
Main contents: The Circular lowers the minimum down payment percentage for loans for first-time purchase of ordinary residential premises in cities not subject to housing purchase restrictions from 30% to 25% (Article 1).
Related legislation: Circular on Revising the Percentage of the Minimum Down Payment When Purchasing Residential Premises with a Personal Housing Loan from the Housing Reserve; Circular on Issues Relevant to Improving the Differential Loan Policies on Residential Premises; Circular on Continuing to Duly Regulate and Control the Real Property Market; and Circular on Issues Relevant to Improving the Regulation and Control of the Real Property Market