Guangzhou Pledges to Stabilize Property Market as City Rolls Out Policy Package on May 26

GateNews
According to Guangzhou's Deputy Secretary-General Huang Guanglie at a government press conference on May 26, the city announced a series of supporting measures to stabilize and promote healthy property market development. Key measures include land supply optimization by the municipal planning bureau, subsidies for residents trading in old properties for new ones ('trade-in' program), improved 'mortgage-to-public-fund' conversion policies, and a state-owned enterprise pilot program to acquire and revitalize used homes. Huang expressed confidence that implementation of these policies would further consolidate the city's stabilizing real estate market trend.
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