China Real Estate Stocks Jump On Home Loan Expansion

By | January 2, 2015

Scalper1 News

A handful of Chinese real estate stocks spiked in the stock market today after the city of Beijing said some first-time homebuyers could get bigger home loans through a public housing fund. Officials said Wednesday that effective Jan. 1 they had raised the maximum limit on those loans to 1.2 million yuan, or around $193,000, from 800,000 yuan for first-time purchases of properties that are 90 square meters — some 2,000 square feet — or less. The Scalper1 News

Scalper1 News