商业用房购房贷款 最低首付款比例降至30%

Core Viewpoint - The Chinese government has announced a significant reduction in the minimum down payment ratio for commercial property loans, lowering it from 50% to 30%, which is expected to stimulate the commercial real estate market and enhance market activity [1][2]. Group 1: Policy Changes - The People's Bank of China and the National Financial Regulatory Administration have issued a notice adjusting the minimum down payment ratio for commercial property loans to no less than 30% [1]. - Local financial institutions are allowed to set their own minimum down payment ratios based on local government policies, following the principle of tailored measures for different cities [1]. Group 2: Market Impact - The reduction in the down payment requirement lowers the barrier for purchasing commercial properties, potentially activating demand from small investors and startups that were previously constrained by financial pressures [1]. - For example, a commercial property priced at 2 million yuan now requires a minimum down payment of only 600,000 yuan instead of 1 million yuan, making it more accessible [1]. Group 3: Inventory and Demand - There is a high inventory of commercial properties, with 52.34 million square meters of office space and 141.05 million square meters of commercial properties available for sale as of November 2025 [1]. - Experts believe that the policy change will help activate demand for existing properties and facilitate the transformation of stock properties into affordable rental housing or long-term apartments [2]. Group 4: Future Outlook - Short-term effects of the policy are expected to lower the purchasing threshold and stimulate market activity, particularly in first- and second-tier cities [2]. - Long-term recovery of the commercial property market will depend on sustained growth in consumption and the service sector, stability in the job market, and an increase in corporate expansion willingness [2].