Zhengzhou becomes first Chinese city to announce comprehensive relaxation of property curbs

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The city of Zhengzhou, capital of central China's Henan province, has announced a comprehensive package to relax real estate curbs, including easing restrictions on second-home buying, the first city in the country to take such moves to support the sluggish housing market.

Banks in Zhengzhou have lowered the down-payment ratio for those who already own one home but have no outstanding mortgage to 30% from 60% when they purchase their second home . . .

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