This initiative concretizes recent government efforts to stabilize the real estate sector, promote employment and boost domestic demand. The move follows a period of economic instability and a targeted review of policies meant to support the property market. The subsidy program is tentatively scheduled to run for one year.
Wednesday, October 21, 2026
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China Subsidizes First Time Homeowner Mortgage Interest From Oct 1
Global Markets22 days ago
The Ministry of Finance is granting an annualized 1 percentage point reduction on commercial housing loans to support families acquiring entry level homes. Beginning October 1, first-time buyers of units up to 120 square meters priced under 1.5 million yuan can receive this interest relief for up to five years on loan principals up to 1 million yuan. The program is estimated to reduce total interest payments by nearly 50,000 yuan for those taking out long-term loans.
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