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Tight Mortgage Policy
By Cao Qian |
June 19, 2012, Tuesday
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Print Edition
Print Edition
CHINA will stick to a tight mortgage policy as it proceeds with property curbs, a spokesperson for the country's housing watchdog said yesterday, dismissing speculation that lenders' policies might be loosened.
"Differentiated mortgage policies on first and second-home buyers, as well as other rein-in measures including some tax policies and the home-purchase restriction, will continue to be vigorously enforced to further consolidate ... housing curbs," the official told xinhuanet.com.
"Differentiated mortgage policies on first and second-home buyers, as well as other rein-in measures including some tax policies and the home-purchase restriction, will continue to be vigorously enforced to further consolidate ... housing curbs," the official told xinhuanet.com.
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