Business / Industries

Anhui to give loans, subsidies to property market

(chinadaily.com.cn) Updated: 2014-05-07 15:43

Government subsidies for affordable housing

This policy is aimed at providing affordable housing to families. If the family meets the requirements to buy properties with the housing provident fund, the government will provide them 50 percent interest-free loan.

Registration process for non-residence

After buying properties in Tongling, owners can transfer family registration without going through a complicated procedure.

Benefits to real estate companies

Real estate companies will receive fixed assurance instead of advance funds for commercial residential buildings from the government. Apart from that, the government will also increase the ratio of advance funds provided to the enterprises.

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