Nanjing: Providing a 1% interest subsidy on total loan amount for buyers who engage in "selling old and buying new" when purchasing a house.

The Housing Security and Real Estate Bureau of Nanjing City issued policy measures on stabilizing the real estate market in Nanjing. Among them, it is proposed to further encourage housing consumption through "trading old for new", giving a 1% interest subsidy to homebuyers who complete the "sell old buy new" transaction from the date of policy issuance to December 31, 2026; individuals who sell a residential property purchased for less than 2 years will pay a full 3% value-added tax. The minimum down payment ratio for commercial property purchases is adjusted to not less than 30% to promote effective release of various housing demands.