According to market news, the down payment ratio for home purchases on Xiamen Island has been lowered. On April 18, the reporter learned from the Xiamen branch of China Construction Bank, Industrial and Commercial Bank, and Agricultural Bank that the news is indeed true. The minimum down payment ratio for the first home on Xiamen Island is 20%, and the minimum down payment ratio for the second home is 30%. It will be implemented from April 17. Regarding the decline in the down payment ratio, several real estate agents on Xiamen Island said that the down payment ratio for home purchases has indeed been lowered. An intermediary told the reporter, “There are no official documents; various banks have notified us.” (Beijing News)
厦门岛内首套房首付比例降至20%，二套房降至30%
The down payment ratio for the first home on Xiamen Island was reduced to 20%, and the second home was reduced to 30%
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