The PBOC's move is aimed at stimulating housing demand and helping destocking of inventories. Photo: Reuters The PBOC's move is aimed at stimulating housing demand and helping destocking of inventories. Photo: Reuters
The PBOC's move is aimed at stimulating housing demand and helping destocking of inventories. Photo: Reuters
Property /  Hong Kong & China

China's central bank cuts down payment for first home buyers

Measure seen limited in stimulating wider demand as tier-1 cities excluded

Topic |  
Langi Chiang
Langi Chiang

Updated: 2:54pm, 20 Jul, 2018

Why you can trust SCMP
The PBOC's move is aimed at stimulating housing demand and helping destocking of inventories. Photo: Reuters The PBOC's move is aimed at stimulating housing demand and helping destocking of inventories. Photo: Reuters
The PBOC's move is aimed at stimulating housing demand and helping destocking of inventories. Photo: Reuters
READ FULL ARTICLE