Second-Home Buyers Relying on Public Housing Fund Required to Pay 50% Down Payment
Published:
2010-11-04
Second-home buyers who apply for a mortgage from the public housing fund will be required to make a down payment of at least 50 percent of the market price, according to the Management rules of Public Housing Fund and a notice released by the Ministry of Housing and Urban-Rural Development, the Ministry of Finance, the People's Bank of China and the China Banking Regulatory Commission.
Source
China Securities Journal
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