Shanghai Eases Home-Buying Rules, Offers Subsidies to Revive Real Estate Sector

New policies reduce restrictions for non-residents, support larger families, and lower down payments to stimulate housing demand.

Shanghai allows non-residents to buy homes after three years of tax payments instead of five.
Families with two or more children can now purchase an additional home.
Minimum down payment for first-home buyers reduced to 20 percent; second-home buyers to 35 percent.
Subsidies of 30,000 yuan offered to local residents upgrading to new homes.
Measures align with China's broader efforts to stabilize the real estate market.