A residential project under construction in Yiwu, Zhejiang province. The city has eased presale rules, giving developers a much-needed boost. Photo: Xinhua
A residential project under construction in Yiwu, Zhejiang province. The city has eased presale rules, giving developers a much-needed boost. Photo: Xinhua

Chinese cities prop up housing market by easing policies on presales, subsidies and mortgages

  • Yiwu in Zhejiang and Harbin in Heilongjiang relax rules on presales and offer subsidies to young buyers to support housing market
  • Authorities at the city, provincial and central government levels come up with measures to boost the flagging market

A residential project under construction in Yiwu, Zhejiang province. The city has eased presale rules, giving developers a much-needed boost. Photo: Xinhua
A residential project under construction in Yiwu, Zhejiang province. The city has eased presale rules, giving developers a much-needed boost. Photo: Xinhua
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