Core Viewpoint - The People's Bank of China (PBOC) has announced a reduction in the minimum down payment ratio for commercial property loans in 20 cities in Guangdong Province to 30%, effective from January 21, 2026, to support the real estate market and stimulate transactions [1][3]. Group 1: Policy Changes - The minimum down payment ratio for commercial property loans, including "commercial-residential mixed-use properties," has been adjusted to no less than 30% [1]. - This adjustment is part of a broader strategy to adapt to changes in the real estate market and support the development of a new model for real estate [1][3]. Group 2: Market Impact - The reduction in the down payment requirement is expected to alleviate the purchasing pressure on residents and businesses, potentially activating the commercial property market [3]. - In Guangzhou, the commercial apartment market is projected to see a decline in transaction volume, with a significant drop of 63% in commercial property transactions in 2025 compared to the previous year [4]. - The demand for office properties is also expected to weaken, with a year-on-year decrease of 56% in transaction volume due to cost-cutting measures and declining rental rates [4].
刚刚 广东宣布：20城商业用房首付降至三成！
Nan Fang Du Shi Bao·2026-01-21 12:48