Tianjin pilots housing credit bank in Binhai
enorth.com.cn 2007-03-08 16:58

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(Enorth.com.cn)Tianjin mayor Dai Xianglong said at the panel discussion yesterday that housing credit banks may be created in Binhai to solve the difficulty in buying houses of low and medium-income families.

Presently, Tianjin people mainly select housing provident fund loan or commercial loan in buying houses. It's still very difficult for some low and medium-income families to buy houses. To cope with this situation, Tianjin may establish housing credit bank in Binhai and Tianjin people can seek loans after making deposit. Dai said, ¡°this bank loan is only provided for low and medium-income families to buy houses of less than 90 sq. m, not for high-class villa and apartment.¡±

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