Beijing unveils more measures to boost property market

BEIJING, June 26 (Xinhua) -- Beijing on Wednesday announced a slew of measures, including lowered minimum downpayment ratios and mortgage interest rates, in its latest move to boost its property market. These new measures will be in effect from Thursday.

The minimum downpayment ratio for individual commercial mortgages for homes has been lowered from 30 percent to 20 percent for first-home purchases, according t