The interest rates for home loans in cities of Guangzhou, Shenzhen, Beijing, Hangzhou and Nanchang have increased since the start of this year and banks have become more cautious in lending, according to a report by China Securities Journal.
As the government maintains a relatively tight grip on the property market, such interest rates may continue to go up, sources were quoted as saying in the report.
This is also due to an increase in capital costs, the report noted.
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