First house loans accounted for 98.11% of total personal house loans in Chongqing Municipality in the first seven months of this year, a new high since 2011.
Seven banks in Guangzhou City have suspended house loans since this July.
In addition, several Nanjing-based banks were reported to suspend second-hand house loans. Meanwhile, all Beijing-based banks basically cancelled preferential interest rate for house loans.
Source:
http://www.sinocast.com/readbeatarticle.do?id=99710
