House down payments may rise steeply

    BEIJING, May 12 -- The central bank may raise housing mortgage down payments dramatically in a bid to cool down the red-hot property market. The People's Bank of China is mulling over a new mortgage policy to curb housing price hikes; and could raise the amount from the current "20 per cent to 40 or 50 per cent," reported 21st Century Business Herald yesterday, quoting "a well-informed" source. 

Public housing fund introduces extra loan

    BEIJING, May 10 -- Shanghai's public housing fund center quietly rolled out more preferential policies for home buyers seeking mortgage loans in order not to kindle direct competition with commercial banks.

    BEIJING, May 8 -- The country's public housing fund has raised its mortgage rates for individual house buyers by 18 basis points effective May 8, the official Xinhua news agency said Saturday.  

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