China's cities ramp up mortgage subsidies to revive housing demand

Source: Mysteel Aug 27, 2026 11:45

Following the July Politburo meeting, China's local governments have accelerated the rollout of real estate support measures. Among the latest policy initiatives, mortgage interest subsidies have emerged as a key focus.

On August 25, Chengdu introduced new property market measures, lowering the minimum down payment ratio to 15% for buyers of new homes using housing provident fund loans. The policy, effective through December 31 2026, also provides a one-year interest subsidy covering 20% of eligible interest payments, with a maximum