Local media disclosed on Oct 6 that the Wuhan Economic & Technological Development Zone (WEDZ) has introduced policies to address residents' essential and diverse housing needs.
These measures, which encompass several key highlights, aim to provide additional incentives to buyers purchasing properties from Oct 1 to Dec 31.
Upon acquiring property rights certificates, buyers of newly constructed residential properties within WEDZ will receive full reimbursement of deed taxes.
Up to 10,000 yuan ($1,416.67) is being offered as a discount on underground parking spaces for new residential projects with a 20-year lease term.
Initiatives are in place to assist homeowners in securing educational opportunities for their families.
Implementing a "rent first, buy later" approach aims to streamline the home acquisition process for residents.
Special terms and support are extended to teachers, medical professionals, nurses, law enforcement officers, veterans, firefighters, and rescue personnel, among other crucial groups.
Residents will receive increased support for acquiring existing properties and housing upgrades.
Backed by the government, efforts are being made to enhance supporting facilities within the development zone.
Exemptions related to building capacity limits are being expanded to facilitate smoother property development processes.
