I bought the first suite, signed a house purchase contract with the developer, paid a 30% down payment, and finished the loan procedure at the bank. The developer suddenly asked for an increase of 20% down payment. Is it okay? See if there is any relevant agreement in the purchase contract you signed. If there is no special agreement in this regard, developers can make this request. If your personal economic conditions really can't increase the down payment, you can ask to cancel the commercial housing sales contract and return the down payment already paid.

However, the current purchase restriction policy is strict, and banks are tightening loans. At present, many banks have increased the down payment ratio of the first home loan. It is not necessarily the developer who makes this request. It is best to consult clearly before making a decision.