On August 20, six departments including the Shanghai Housing, Urban-Rural Development Administration, the Municipal Finance Bureau, the Shanghai Branch of the People's Bank of China, the Shanghai Financial Supervisory Authority, and the Municipal Provident Fund Management Center jointly issued the “Notice on Optimizing the City's Real Estate Policies and Measures”, which will take effect from August 21, 2026. The “Notice” clearly optimizes the down payment ratio for two-home loans. For those purchasing housing outside the outer ring, the minimum down payment ratio for commercial personal housing loans for two housing units was adjusted from “no less than 20%” to “not less than 15%.”

On August 20, six departments including the Shanghai Housing, Urban-Rural Development Administration, the Municipal Finance Bureau, the Shanghai Branch of the People's Bank of China, the Shanghai Financial Supervisory Authority, and the Municipal Provident Fund Management Center jointly issued the “Notice on Optimizing the City's Real Estate Policies and Measures”, which will take effect from August 21, 2026. The “Notice” clearly optimizes the down payment ratio for two-home loans. For those purchasing housing outside the outer ring, the minimum down payment ratio for commercial personal housing loans for two housing units was adjusted from “no less than 20%” to “not less than 15%.”