A man cycles past a billboard advertising a new housing complex outside in Beijing. The city is following in the footsteps of Nanjing and Hangzhou, where similar policies restricting home purchases have been introduced. Photo: AFP
Beijing city authorities tighten mortgage rules to cool off buying frenzy
Down payments raised to 35 per cent for first purchase and half for second home
A man cycles past a billboard advertising a new housing complex outside in Beijing. The city is following in the footsteps of Nanjing and Hangzhou, where similar policies restricting home purchases have been introduced. Photo: AFP
