Press "Enter" to skip to content

Chinese city lowers down payment requirement for home buyers, more local governments expected to follow suit


Zhumadian city in China's central Henan province announced a package to support the housing market that has been hit by the coronavirus outbreak.

While a number of local governments have rolled out policies to ease short-term cash strains faced by developers, Zhumadian is the first city to lower the minimum down payment requirement for home buyers to boost housing demand. Industry watchers expect more local governments, in particular tier-3 and tier-4 cities, to . . .

To continue reading, please subscribe. You will get

  • Original and data-driven reporting with details and perspectives you won't find anywhere else
  • THE WIRE - A real-time platform focused on China, with up-to-the-minute updates
  • Daily Brief newsletter to get you prepared for every trading day
  • An indispensable and reliable source of information on China's economy and financial markets
  • We focus. That's why you choose us.


FREE TRIAL cancel anytime


We highly value independence. We are solely funded by subscriptions from intelligent readers like you. Not ready for our full service? Try Free Weekly Newsletter first.


Already have an account? Sign In