BEIJING - China’s two most expensive housing markets — Beijing and Shanghai — unveiled a further relaxation of home buying policies, including a lower down-payment ratio, as part of efforts to boost the country’s property market.

       The two cities have reduced the down-payments house-buyers must make, scrapped the price cap that defined an “ordinary home”, allowing more properties to qualify for a lower down-payment and lowered taxes for home sellers.

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       China Housing policy China economy

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       Beijing and Shanghai further relax policies to boost home sales

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