Shanghai Optimizes Real Estate Policies

It was mentioned that to better support residents purchasing homes outside the Outer Ring Road, the Notice clarifies the optimization of the minimum down payment ratio for second-home mortgages. For purchases of homes outside the Outer Ring Road (including areas previously subject to differentiated policies), the minimum down payment ratio for second-home commercial housing loans is adjusted from "no less than 20%" to "no less than 15%." Under the optimized policies, the minimum down payment ratio for first-home commercial housing loans in the city is uniformly set at no less than 15%; credit policies for second homes remain regionally differentiated, with the minimum down payment ratio set at no less than 25% inside the Outer Ring Road and no less than 15% outside the Outer Ring Road (including the entire Baoshan and Jiading districts).