As loan rates fall, housing sector perks up

Positive move: A housing estate in Zhengzhou, in China’s central Henan province. Housing industry experts say they believe the rate adjustment, along with various optimisation policies, will help boost market sentiment. — AFP

SHANGHAI: Chinese cities are implementing lower mortgage rates for first-time home buyers.

Housing industry experts said on Monday they believe the rate adjustment, along with various optimisation policies, will help boost market sentiment as well as demand for upgraded housing among existing homeowners.