Hey fam! Quick heads-up from Beijing, the capital of the Chinese mainland: they just eased up on homebuying, and it's 🔥 for anyone eyeing a new crib or second pad.
What's new?
- 📍 Outside the 5th ring road? Scoop up unlimited units if you've paid social insurance or income tax here for ≥2 years.
- 💸 Second-home PF loans jump from ¥600K to ¥1M — think bigger budgets for that sweet artist loft or cosy study space.
- 🏡 Down-payment? A flat 30% across the board, no matter which side of the 5th ring you're at.
These rules roll on August 9, marking the second round of tweaks since last Sep. Beijing's flexing its policy muscles to keep up with today's market vibes. 🌐
Whether you're hustling in Jakarta's tech scene or coding away in Bangalore, this shift could spark some property game plans! Drop your thoughts below 👇
Reference(s):
cgtn.com
