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It is being reported China is going to further tighten1 the curbing2 policies for second-time homebuyers.
Down payment ratio is likely to be raised to 70 percent and lending rate could also be set at 1.3 times the benchmark rate - currently that rate stands at 1.1.
Second-time buyers right now are also required to pay at least 60 percent of the property price as down payment.
Xia Dan is at the Market Research Department of China Communication Bank.
"We regard the property market here will go through a round of gripping policies over the first half of this year, particularly the period through March to May. It will first go restricting on second-hand3 home purchases then further tighten the lending."
So far though, the country's banking4 sectors5 haven't been notified of any adjustments yet.
1 tighten | |
v.(使)变紧;(使)绷紧 | |
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2 curbing | |
n.边石,边石的材料v.限制,克制,抑制( curb的现在分词 ) | |
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3 second-hand | |
adj.用过的,旧的,二手的 | |
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4 banking | |
n.银行业,银行学,金融业 | |
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5 sectors | |
n.部门( sector的名词复数 );领域;防御地区;扇形 | |
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