China Mortgage Subsidy 2026: First-Time Buyers Get 1% Interest Support From October 1
China Launches 1% First-Home Mortgage Subsidy From October 1: Who Qualifies and How Much Can Buyers Save? Beijing | September 30, 2026 China is introducing one of its most direct efforts yet to encourage ordinary households to buy homes. Starting October 1, 2026 , eligible first-time homebuyers taking out a new commercial mortgage can receive a government-funded interest subsidy equal to 1 percentage point a year for up to five years . The policy is national. It applies to qualifying first-home purchases with a property size of no more than 120 square metres and a purchase price no higher than 1.5 million yuan . The subsidy can apply to mortgage principal of up to 1 million yuan . The measure matters far beyond individual mortgage payments. China has spent years trying to stabilise a property market weakened by falling home prices, developer debt, weak construction activity and cautious consumers. Now policymakers are moving beyond conventional interest-rate changes and using go...