You are currently browsing the Capital Comments weblog archives for the day 17. April 2010.
17. April 2010 by Dan Walkow, CFA, CMT.
Chinese authorties take further action to rein in runaway real estate prices. Under the new rules, down payments for second homes must be at least 50 percent, up from 40 percent, and mortgage rates can’t be lower than 110 percent of benchmark rates, the State Council said. Banks should also raise down payment ratios and rates for third homes “by a broad margin,” it said.
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