Most of the measures announced by the Zhangzhou government aim to spur demand for newly-built homes. Photo: WEIBO
Most of the measures announced by the Zhangzhou government aim to spur demand for newly-built homes. Photo: WEIBO

Zhangzhou offers subsidies of up to US$4,321 to homebuyers as more cities move to spur struggling housing market

  • The city in the Chinese coastal province of Fujian pledged to hand out subsidies of up to 30,000 yuan (US$4,321)
  • The move comes amid a concerted effort by local authorities across the country to offer incentives to stoke demand

Most of the measures announced by the Zhangzhou government aim to spur demand for newly-built homes. Photo: WEIBO
Most of the measures announced by the Zhangzhou government aim to spur demand for newly-built homes. Photo: WEIBO
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