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Irish Designers Making Waves at the Hainan Expo 2024

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HomeExpats in HaikouHainan Cuts Down...

Hainan Cuts Down Payment for First Time Home Buyers

Hainan Province has moved to cut down-payment ratio for first-time homebuyers, the latest region in the country to ease mortgage policies to boost slumping home sales.

Minimum down payment for first homes was cut to 20% from 25%, according to a Monday report by Hainan Daily. The ratio for second homes remains unchanged at 30%, the outlet reported, citing a government notice without saying when the measure would go into effect.

The move comes after Chinese authorities in December relaxed homebuying curbs in Beijing and Shanghai, extending efforts seen in other cities to stem the housing downturn. Home sales in the two mega cities surged that month after they reduced down-payment ratios and eased the threshold for some types of housing to be qualified for lower mortgages.

Hainan, China’s southernmost province with a 10 million population, eased ratio for first homes from 30% to 25% in October.

Related article: Looking to rent an apartment? Then check out our property section here!

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Latest properties for rent

3 bedroom apartment for sale

No. 20, Yusha Road, Longhua District, Haikou City 海口市龙华区玉沙路20号国贸经典
3
Bedrooms
1
Bathrooms
104 m2
Living area
¥1.4 Mill

little India Haikou

Little India Restaurant Haikou, a popular spot with locals and expats alike, offers a taste of India and Nepal right in the centre of Longhua District.Their menu boasts all your favourite Indian dishes, from...

Middle, primary school & Kg teachers needed – Sanya, Hainan – Aug 2024

Experience the best of both worlds - a fulfilling teaching career and an idyllic island lifestyle. Join our international school in Hainan this August...

UNIVERSITY LECTURER IN EARLY EDUCATION HAINAN

For this subject, we have several courses that require face-to-face teaching by a foreign teacher, with no more than 20 hours of teaching per...

Primary Homeroom Teacher Hainan Campus

The goal of Haidian Foreign Language Academy is to develop students that have the skills to be successful in both a Chinese and Western...

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Haikou
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Cosy Stays Beyond the Ordinary

Relax, Unwind, and Explore Hainan's Hidden Gems

little India Haikou

Little India Restaurant Haikou, a popular spot with locals and expats alike, offers a taste of India and Nepal right in the centre of...

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16 Measures to Enhance the Experience of Foreigners in Hainan Unveiled with Explanations

Explore our comprehensive guide to 16 measures aimed at simplifying the lives of foreigners in Hainan, covering visa services, accommodation registration, expedited visa processing, work permits, medical care, legal assistance, tax services, social security, professional qualifications, and more.

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Irish businesses are making their mark at the Hainan Expo 2024. From cutting-edge technology to sustainable food solutions, discover how these companies are shaping the future of global trade and innovation.
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Looking for an international pre-school in Haikou?

Flora's International Preschool has three preschools in the Haikou area. Our schools follow a European curriculum

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The Porch Café Friday Special; Chicken Kiev

Friday is almost here, and we’ve got something delicious in store for you at The Porch! This week, Friday April 12, we are going to have “ Chicken Kiev” served with roast potato and green beans. It’s the perfect way to treat yourself as the weekend begins. We look forward to seeing you there!

The Porch Café Friday Special; Baked Beef Chimichangas

Introducing our Baked Beef Chimichangas – a tantalizing twist on traditional comfort food that's sure to become a family favourite! Tender, seasoned beef wrapped in a warm tortilla, baked to golden perfection, and served with all your favourite toppings. With each bite, you'll experience a burst of flavour reminiscent of home-cooked goodness.

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This March, immerse yourself in the timeless ballet composed by Pyotr Ilyich Tchaikovsky as well as the melodies of Wolfgang Amadeus Mozart, Ludwig van Beethoven, and Dmitri Shostakovich as their music comes to life on stage ...

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