Shanghai: Implementing "Trade-in" Home Purchase Loan Subsidy

English summary

Six Shanghai departments issued a notice effective August 21, 2026 to March 31, 2027, allowing households to apply for subsidy if they purchase new commercial housing outside the outer ring road and complete online filing, and sell a second-hand home within one year before/after. Subsidy is 1% of loan amount, capped at RMB 50,000 per unit, with total budget of RMB 200 million on a first-come basis.