Six Shanghai agencies, including the municipal housing and urban‑rural
development commission, municipal finance bureau, PBOC Shanghai branch, Shanghai
financial regulator and the municipal housing provident fund center, issued a
notice on Aug 20 effective Aug 21, 2026, to optimize local property measures.
The notice lowers the minimum down payment for second‑home commercial individual
housing loans for purchases outside the Outer Ring Road (including areas
previously under differential policies) from not less than 20% to not less than
15%.
