>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<
More Chinese cities are lowering down payment ratio for home buyers to support the sluggish housing markets, though some analysts expressed doubts about effectiveness of the measures as market conditions have changed significantly.
According to data from Centaline Properties, since mid-January, 15 provincial and municipal governments have lowered the minimum down payment requirement for first-time home buyers or those who buy home to upgrade housing.