Dalian Joins Real Estate Subsidy Train, as Land Sales Tumble

(Beijing) – Dalian has become China's latest city to offer cash subsidies for new home buyers, seeking to shore up weak demand that is also hurting local government income from land sales.

The northeastern city of Shenyang and the provinces of Shandong and Sichuan announced similar measures for home buyers earlier this year, including cash payouts. Maintaining strong property sales is critical to local economies and finances, since related land sales for new development are a key source of government income.