China unveiled a barrage ofpolicy changes to goose its real estate market.
==> Effective November 1, the down payment requirement for home buyers will be lowered from 30%to 20%.
==> China suspended tax dutieson the sale/purchase of homes and ended a value-added tax on individual home sales.
==> Home buyers will be able to get mortgages at 70% of benchmark interest rates,compared to 85% previously,
China Vanke,China’s largest real estate developer, gained 4.4%,China Overseas Land upped 8.1%, and Poly Real EstateGroup surged 6.4%.
