Property
Consumer confidence key to China’s property sector package success
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China’s beleaguered property sector has received a welcome boost with a raft of new measures implemented by the central government aimed at increasing purchases.
In a bid to curb the rate of decline, the government introduced a package of stimulus measures on May 17. For consumers, these saw the minimum downpayment required by first-time buyers reduced from 20 per cent to 15 per cent. Minimum mortgage rates have been removed.
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