Since 2017, the minimum down payment ratio for commercial loans for purchasing first homes in Guangzhou has been 30%. Although Guangzhou has not yet issued a specific down payment ratio policy, projects owned by leading developers such as Poly, Vanke, and New World have already released posters stating that down payments will be as low as 20%. When the reporter asked the person in charge of the relevant department of a developer about the down payment ratio, the answer was that the implementation is subject to the approval results of banks.

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