China’s Shenzhen rolled out two new home-buying measures on the same day as authorities seek to arrest a slump in the property market.

The technology hub in southern China connecting Hong Kong will lower the down-payment ratio for second homes to 40 per cent from as much as 80 per cent effective Thursday, the state-run Xinhua News Agency reported, citing a notice from the local branch of China’s central bank.

China’s Shenzhen aims to spur property demand with relaxed curbs comes via ChinaTechNews.com.