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Beijing to raise downpayment ratio for 2nd non-regular property

CCTV.com

07-27-2016 11:26 BJT

Beijing Municipal Commission of Housing and Urban-Rural Development said on Tuesday that the city will further complete the housing regulation in 2016, and will raise the downpayment ratio of second non-ordinary commercial property.

The commission also said the city will develop the housing renting market.

Non-ordinary properties refer to those with a floor-area ratio of less than 1, or a construction area of over 144 square meters, or sold at prices more than 1.2 times higher than average.
 

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