Beijing Cuts Non-Resident Homebuying Threshold to One Year, Lifts Loan Cap to RMB 3.4 Million

Hong Kong-listed mainland property developers rose on the announcement. At the time of writing, Country Garden was up nearly 6%, while Sunac China and China Jinmao each gained more than 3%.

Beijing has introduced new property market policies that lower the home purchase threshold for non-Beijing residents to one year and raise the maximum provident fund loan to RMB 3.4 million.