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Chinese Cities Ease Home Buying Rules to Boost Real Estate Market

Guangzhou, Shenzhen, and Shanghai implement measures to lower down payments and relax purchase restrictions.

  • Guangzhou reduces minimum down payment for first-home buyers to 15% and second-home buyers to 25%.
  • Shenzhen lowers down-payment ratios to 20% for first homes and 30% for second homes.
  • Shanghai cuts residency requirement for home purchases from five years to three years.
  • Several cities, including Beijing and Hangzhou, have recently eased property purchase restrictions.
  • The central government is considering buying unused commercial real estate to address the crisis.
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