Zhengzhou, the capital city of central China's Henan Province, issued a notice that proposed abolishing sales restrictions and implementing 15 optimization policies. Among them, commercial banks would determine the loan ratio according to property ownership rather than housing loan records.
Eight measures were introduced in Nanjing City in east China's Jiangsu Province, including subsidies for new house purchases, optimizing differentiated housing provisions and streamlining approval procedures for parking garage sales.
Also in east China, Jinhua City, Zhejiang Province, implemented seven new measures to encourage the development of the real estate market. These include lifting the maximum loan amount from the personal housing provident fund, increasing credit support and reducing housing transaction taxes and fees.
In addition, Chongqing Municipality, southwest China, issued seven policies on optimizing the housing accumulation fund to better meet the demand of home buyers.