周末楼市重磅，商业用房首付比例下调至30%

Core Viewpoint - The People's Bank of China and the National Financial Regulatory Administration have announced a significant policy change, lowering the minimum down payment ratio for commercial property loans to no less than 30%, which is a substantial decrease from the previous 50% requirement, aimed at stimulating the commercial real estate market and reducing inventory levels [1][4]. Group 1: Policy Changes - The minimum down payment ratio for commercial property loans has been adjusted from 50% to 30% [1][4]. - Some banks previously set the down payment ratio even higher, at 60% or more, indicating a significant reduction in transaction barriers for commercial properties [4]. Group 2: Market Impact - This policy is expected to positively impact the inventory reduction of commercial properties, which include office buildings and retail spaces, as the lower down payment will facilitate more transactions [4]. - As of November 2025, there is a substantial inventory of commercial properties, with 52.34 million square meters of office space and 14 million square meters of commercial space available for sale, totaling nearly 200 million square meters [5]. Group 3: Expert Insights - Experts suggest that the policy addresses the high inventory levels and prolonged sales cycles faced by commercial properties, which have led to declining prices and negatively impacted property values and corporate cash flows [5]. - The reduction in the down payment requirement is seen as a means to revitalize existing commercial properties and promote the development of affordable rental housing or long-term rental apartments, potentially benefiting the growth of Real Estate Investment Trusts (REITs) [5].