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<CN Home>Wuhan to Offer 1% Interest Subsidy on 1st-Time Home Loans in Designated Areas Starting Tmr, Capped at RMB20K per Household
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The Wuhan Housing and Urban Renewal Bureau, together with several other departments, has jointly issued a notice on further measures to promote the stable and healthy development of Wuhan's property market. Starting tomorrow (October 1), first-time buyers of newly built commercial homes in designated areas are eligible to receive an interest subsidy equivalent to 1% of the loan amount, capped at RMB20,000 per household, disbursed in equal installments over two years. The notice also proposes to raise the ceiling for housing provident fund loans. For households with two contributors, the maximum loan amount for both first and second homes will be RMB1.5 million, while for households with a single contributor, the maximum will be RMB1.2 million. AAStocks Financial News |
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