With a maximum subsidy of 50,000 yuan, Hohhot City launches housing exhibition promotion month

In a recent press conference held on October 9, 2024, in Hohhot, reporters were informed about the upcoming “Ecological and Livable · Beautiful Qinqing City” real estate promotional month. Beginning October 10, Hohhot will implement an “Internet + Real Estate” model, combining online property showcases with a “Qinqing Good Houses” tour and evaluation to kick off this promotional event.

According to the organizers, the real estate fair will utilize the “Qinqing Good Houses” mini-program as its online platform, featuring participation from 42 development companies showcasing 52 projects. A total of 17,399 new housing units will be available, including 15,433 residential units, 1,966 commercial units, and 210 second-hand residential properties.

Notably, during the promotional month, various subsidies will be offered, such as home purchase allowances, benefits for families with multiple children, appliance shopping vouchers, and incentives for talented individuals buying homes. Additionally, residents will have the option to withdraw their housing provident funds to pay for down payments, and there will be relaxations on the pricing controls for newly constructed residential properties.

From October 10 to November 10, 2024, buyers of newly constructed residential properties participating in the event will receive a subsidy of 1% of the contract price for online signing. Families in Hohhot with two or more children (born after August 24, 2023) purchasing these homes will qualify for a 1.5% subsidy based on the same contract price. The subsidy is capped at a maximum of 50,000 yuan per unit, with policies designed to ensure that the highest applicable benefit is granted without duplication.

Regarding housing provident fund support, since September 23, 2024, employees contributing to the Hohhot Housing Provident Fund who purchase newly constructed pre-sale properties in designated districts can apply to withdraw their personal housing provident funds. This fund can be directed to the real estate developer’s monitored account to cover the down payment. Employees who have already used their housing provident fund for down payments may still apply for housing provident fund loans as per existing regulations.