China reduces the minimum down payment for home buyers

27 Jun 2024 CW Team

In an effort to stimulate the local real estate market, Beijing, the capital of China, announced measures to lower the cost of purchasing a home, including lowering mortgage interest rates and the required minimum down payment. The actions, which were disclosed in a statement from the local government, follow the central bank's announcement last month of new rules lowering minimum mortgage rates and down payments, which prompted property policies to be loosened in dozens of cities. According to the statement, Beijing is reducing the required minimum down payment for a first-time house buyer from 30% to 20% and for some second-home purchasers from 40% to 35%. Additionally, the city is lowering the floor rate for a first-time home mortgage to 45 basis points less than the loan prime rate (LPR). The floor used to be the LPR + 10 basis points. Due to Beijing's actions, the four largest cities in China have now loosened their mortgage and other regulations, which should increase demand from homebuyers, according to analyst Yan Yuejin of the E-House China Research and Development Institution. The second-largest economy in the world has been severely hampered by China's failing real estate sector.

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..