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<CN Home>Zhanjiang Rolls Out Home Purchase Subsidy Up to RMB20K
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To adapt to new developments in the property market, accelerate the digestion of existing housing inventory, optimize incremental housing supply, and better meet rigid and improved housing demand, Zhanjiang has rolled out a series of new property policies, which take immediate effect citywide and will remain valid for three years.

These policies include increasing support for housing provident fund loans, implementing home purchase subsidy policies for residents, coordinating compulsory education eligibility for commercial apartments, lowering operating costs for property developers, and streamlining approval procedures for property projects.

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Regarding the home purchase subsidy, buyers of newly built commercial housing in Zhanjiang are eligible to receive a subsidy of 1% of the total contract price (capped at RMB20,000 per unit) during the policy period after completing online contract filing and deed tax payments. The total amount allocated for this subsidy is RMB18.2 million.
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