Some Bank Branches Raise Required First Home Down-payment to 40%
Published:
2011-05-11
Some branches of China's big four commercial banks in Guangzhou have raised the down-payment required of first home buyers from 30 to 40%. The move follows earlier reports that the deposit required of first home buyers has already been lifted by some branches of commercial banks in Zhejiang and coincides with reports that some Beijing bank branches have also hiked the required deposit rates.
Source
Guangzhou Daily
Google translation
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