An easing of mortgage loan controls amid lower interest rates has given Shanghai’s property market a shot in the arm. Photo: Reuters
An easing of mortgage loan controls amid lower interest rates has given Shanghai’s property market a shot in the arm. Photo: Reuters

Shanghai’s housing market rebounds as banks quicken loan approvals amid lower mortgage rates, spurring demand

  • As house prices shoot up, the city government can fast-track approvals for home construction and rake in higher proceeds from land auctions
  • Local banks have quickened the pace of loan approvals to less than 10 days, in an apparent effort to bolster home transactions

An easing of mortgage loan controls amid lower interest rates has given Shanghai’s property market a shot in the arm. Photo: Reuters
An easing of mortgage loan controls amid lower interest rates has given Shanghai’s property market a shot in the arm. Photo: Reuters
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