The down payment of the individual property reduces to 20% in Ji’nan and other cities that don’t limit the purchase.

　　he People’s Bank of China and CBRC(China Banking Regulatory Commission) announced the adjustments of individual housing loans on Feb.2nd :the down payment for the families that want to buy the commercial housing with the commercial loans for the first time reduces to 25% at least in the cities that don’t limit the purchase of individual property ,5% can be reduced too; for the families that own one housing but haven’t settled the loads to buy the second housing with the commercial loans to improve their housing conditions, the down payment can be reduced to 30% at least. These adjustments will cause a new round of housing market recovery.