| Housing regulators in Yangzhou in east China's Jiangsu Province announced on May 8 the beginning of an incentive policy for new home buyers. Jointly issued by local finance and housing bureaus, the announcement said that financial rewards would be offered to people who buy fully furnished houses smaller than 144 square meters from July 1 this year to June 30, 2013.
For houses no bigger than 90 square meters, home buyers will receive a reward of 0.6 percent of the total price; for houses between 90 and 120 square meters, the reward will be 0.5 percent of the price; and for houses of 120 to 144 square meters, the reward rate will be 0.4 percent...............................................Full Article: Source
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