Key facts
- China's new property stimulus targets first-time homebuyers.
- Subsidies apply to homes costing 1.5 million yuan ($224,000) or less.
- Eligible homes must be 120 square meters or smaller.
China on Tuesday announced new measures to prop up the country's weak property market, after policymakers indicated that stronger efforts are needed to meet the government's economic growth target. The new property market stimulus measures apply to first-time homebuyers buying a home of up to 120 square meters and costing 1.5 million yuan ($224,000) or less. The date of the announcement was September 29, 2026.