[Harbin: Extension of Housing Subsidy Period, No Differentiation Between First and Second Homes for Commercial Loans]
SMM, November 19 - Harbin recently issued the "Measures to Promote the Stable and Healthy Development of Harbin's Real Estate Market." Compared with previous policies, the new measures not only extend the housing subsidy but also cancel the price cap mechanism for selling commercial housing and, when appropriate, eliminate the standards for ordinary and non-ordinary residential properties. To improve housing quality, the measures propose accelerating the supply of high-quality plots to meet the development and construction needs of good houses and good communities. A series of new initiatives include no longer differentiating between first and second homes for commercial personal housing loans.
