PBOC Set For Major Announcement on Mortgage Policy

Chinese media is reporting the PBOC is considering changes to mortgage policy and reduction in second-home down payment. Second-home down payments will fall to 50%.

iFeng: 购房者注意 媒体称央行即将出台一重大消息

The Chinese headlines says: Homebuyers Pay Attention, Media Says Central Bank Will Make Major Announcement.

The full court press on Chinese homebuyers is underway. This is the make or break period for China's real estate market. The next 6 weeks, through the May Day holiday, will either confirm the industry's hopes of recovery or crush them for good.