economy - Rumor: downpayment for real estate might go up to 50 percent

Strong rumors suggest financial authorities want to cool down the real estate market even more by requiring buyers to pay 50 percent of the value upfront. The People's Bank of China, the country's central bank, does not want to react on rumors the bank is meeting larger real estate companies on the issue, the Shanghai Daily writes.
In Hangzhou developers have supposedly tried to dump real estate to preempt such a move.