Home / Business / Real Estate Tools: Save | Print | E-mail | Most Read | Comment
Budget housing gets loan boost
Adjust font size:

The banking regulator yesterday issued new rules to help low-cost housing developers get loans and encourage construction.

"Providing low-income families with affordable apartments has been a priority for the government and we are offering financial support accordingly," said the China Banking Regulatory Commission (CBRC).

Under the new rules, banks can give loans for low-cost housing if developers raise 30 percent of the total capital. That compares with the 35 percent required for commercial housing developers.

Banks can also offer economy housing developers low interest at 90 percent of the benchmark lending rate, which is currently at 7.47 percent a year, the regulator said.

The central bank also expanded its list of loan providers for this category from just State-owned banks to all financial institutions, including joint-stock banks.

The new rules are expected to boost property developers and will take effect 30 days from Jan 18.

Commercial banks had loaned 50.9 billion yuan to affordable housing projects by the end of last year, the regulator said.

Investment in low-cost housing rose 30.5 percent in the first nine months of 2007 from a year earlier, and spending on the segment accounted for 4.4 percent of the country's total investment in the property sector, according to the central bank's latest quarterly monetary policy report.

Government leaders urged faster construction of low-cost housing for urban families at the Central Economic Work Conference last year. Premier Wen Jiabao said earlier that budget accommodation construction would be an important measure to evaluate local government performance.

By the end of June 2007, 586 of the country's 656 cities had set up subsidized housing for sale and rental, the CBRC said.

But China's sizzling property market shows little sign of cooling down. Property prices in China's 70 large and medium cities jumped by 10.2 percent in the fourth quarter from a year earlier, according to the National Development and Reform Commission.

(China Daily February 5, 2008)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- Mortgage loans warned of high defaults risks
- Mortgage rate may rise
- Everbright Bank defines second mortgage
- BoCom official defines second mortgage rule
- Shanghai's borrowers exercise caution
Most Viewed >>
- More oil futures products needed

Nov. 1-2 Tianjin World Shipping (China) Summit
Nov. 7-9 Guangzhou Recycling Metals International Forum
Nov. 27-28 Beijing China-EU Summit
Dec. 12-13 Beijing China-US Strategic Economic Dialogue

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
主站蜘蛛池模板: xx00动态图| 久久国产视频精品| 男男高h粗暴黄车文| 国产一卡2卡3卡四卡高清| 日本按摩xxxxx高清| 国产综合第一页| chinese国产高清av内谢| 成人在线欧美亚洲| 久久中文字幕一区二区| 日韩三级免费电影| 亚洲av无码久久忘忧草| 欧美激情videos| 亚洲精品无码mv在线观看网站| 精品久久久久国产免费| 国产3344视频在线观看| 视频二区三区国产情侣在线| 国产成人小视频| 777精品视频| 国产精品天堂avav在线| 97中文字幕在线| 天堂资源最新版在线官网| 一区二区三区欧美| 成人免费a级毛片无码网站入口| 久久久xxxx| 日本不卡1卡2卡三卡四卡最新| 久久精品国产亚洲AV麻豆网站| 欧美一级片免费在线观看| 亚洲国产福利精品一区二区| 欧美精品18videosex性欧美| 亚洲综合区小说区激情区| 男人j桶进女人p| 免费国产人做人视频在线观看| 精品国产黑色丝袜高跟鞋| 哦┅┅快┅┅用力啊┅┅动态图 | 看**视频一一级毛片| 又大又硬又爽免费视频| 网友自拍区一区二区三区| 四虎国产精品永久在线| 美女被免费网站在线视频免费| 国产v在线播放| 老子影院午夜伦手机电影|