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 Urban

13 Oct 2025

Recycling Leaders Push for Policy Reforms in India

As India prepares for the largest recycling-focused event in its history, industry leaders are making a strong case for policy reforms to unlock the country’s circular economy potential. Ahead of the Bharat Recycling Show (BRS) 2025, co-located with Plastics Recycling Show (PRS) India, a high-level panel discussion in Mumbai spotlighted the urgent need for regulatory clarity, digital innovation, and integration of the informal sector.Held under the theme “Unlocking Circular Value: Regulatory and Market Trends in Recycling”, the panel brought together prominent voices from across the recy..

Environmental Hearing Set for 1000 MW Naying Hydro Project

The environmental public hearing for the 1,000 MW Naying hydroelectric project will take place on November 12 at Yapik community hall in Shi-Yomi district, Arunachal Pradesh, officials confirmed. The run-of-the-river project on the Siyom (Yomgo) river is being developed by the North Eastern Electric Power Corporation (NEEPCO). Construction, including a concrete dam, underground powerhouse, and tunnel, is expected to commence around 2028, with commissioning planned by 2032. The project aims to generate approximately 4,966.77 GWh of electricity. The Naying project received Central Electricity ..

India Achieves 490 MWh Energy Storage Capacity by June 2025

India’s cumulative energy storage capacity reached 490 MWh by June 2025, according to data released by the Central Electricity Authority (CEA). Of this, more than 85 per cent is associated with renewable energy projects, primarily solar and wind, reflecting the country’s accelerated shift towards grid stability and clean energy integration. The CEA report highlights that 16 energy storage systems are currently operational across 10 states, with major installations in Rajasthan, Gujarat, Karnataka, and Maharashtra. These include both standalone and co-located battery systems deployed by le..