Nanjing: Provides Interest Subsidies of 1% of Total Loan Amount for Homebuyers Engaged in "Selling Old to Buy New"

K-LinePoet

2026-03-25 23:24:06

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Nanjing Housing Security and Real Estate Bureau released policies and measures to stabilize the real estate market in Nanjing. It states that further encouragement of housing consumption through “old for new” exchanges is promoted. Buyers who complete a “sell old, buy new” transaction from the date of policy release until December 31, 2026, will receive a subsidy of 1% of the total loan amount (the timing of selling old and buying new is not prioritized; based on online contract registration, with a total subsidy cap of 100 million yuan for the entire city). Individuals (excluding general taxpayers among individual industrial and commercial households) selling housing they have owned for less than 2 years will pay full VAT at a rate of 3%. The minimum down payment ratio for commercial housing (including “commercial-residential mixed-use” housing) is adjusted to no less than 30%, to effectively release various housing demands. (Nanjing Housing Security and Real Estate Bureau)

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