The People’s Bank of China and the National Administration of Financial Regulation announced on Friday that the minimum down payment ratio for commercial property purchases, including mixed-use properties, has been reduced to 30% from the previous 50%.
The notice, published on the central bank’s website, said the adjustment aims to reflect changes in real estate market supply and demand and to support the development of a new model for the property sector. Provincial branches and regulators will set city-level minimums based on local government requirements under the ‘city-specific policies’ principle.
