China rolls out new measures to boost housing demand

China property
Property development in Guangdong

Chinese authorities have lowered borrowing costs for some first-time homebuyers and offered tax refunds for homeowners exchanging their existing home for a new one, as part of several measures to support the ailing housing market.

On September 30, the People’s Bank of China said it was cutting the interest rates on personal loans for first-time buyers under the Chinese government’s housing provident fund by 15 basis points.

The central bank cut the interest rate on five-year-and-below loans to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: