50% deed tax subsidy triggered a buying and selling frenzy at Taicang Real Estate Expo

Release time:Apr 13, 2024 21:03 PM

On June 8th, the 2023 Taicang Real Estate Expo was officially launched in Taicang, Jiangsu Province, China.

More than 30 well-known real estate enterprises, as well as over 30 businesses in the fields of home furnishings, building materials, banking, and real estate intermediaries, will gather at the 2023 Taicang Real Estate Expo from June 10th to 11th, bringing high-quality products, projects, and welfare policies to ignite the "summer passion" of the Taicang real estate market.

50% deed tax subsidy triggered a buying and selling frenzy at Taicang Real Estate Expo

This real estate expo is hosted by the Taicang Real Estate Industry Association and hosted by the Taicang Integrated Media Center. The entire real estate expo consists of three main theme activities: launch ceremony, cloud based real estate expo, and offline quality real estate exhibition, and is accompanied by a series of welfare and preferential activities such as lucky draws and just in need purchase deed tax subsidies. The Cloud House Expo will run from June 10th to September 10th; The offline property exhibition will be held from June 10th to 11th on the north side of Taicang Wanda Plaza.

In order to promote the development of the real estate market in Taicang and activate the consumption enthusiasm of the general public, Taicang City has introduced a special deed tax subsidy policy: to provide deed tax subsidies to homebuyers who purchase newly-built commercial housing in Taicang in their personal names. The scope of application of deed tax subsidy is from June 10, 2023 to September 10, 2023. The specific subsidy standard is to enjoy a one-time purchase deed tax subsidy at a rate of 50% of the first home deed tax payment standard. Specifically, a subsidy of 0.5% is provided for areas below 90 square meters, and 0.75% is provided for areas above 90 square meters and below 144 square meters, all based on the purchase contract price signed online.

In addition to the preferential policies of deed tax, the participating real estate companies also presented personalized gift packages, including discounts, special price subsidies, parking space subsidies, free car vouchers, and bulk household appliances; The participating banks actively participated and played a financial role, providing bonuses or prizes with a total price of over 300000 yuan for the exhibition, driving market consumption and popularity, and sparking a wave of buying and selling frenzy.

At present, Taicang has ushered in national strategic opportunities such as the construction of the "the Belt and Road", the development of the Yangtze River Economic Belt, and the integrated development of the Yangtze River Delta; We have ushered in significant opportunities for the construction of the Shanghai metropolitan area and the integrated development of the Suzhou metropolitan area. The combination of opportunities and unique geographical advantages has given this city unprecedented momentum in its development process. Taicang also keenly seized the opportunity and opened up the "future of the city, the future of the city" - the construction of Loujiang New City, drawing a magnificent urban development blueprint and opening up a new development space for Taicang. With the high-quality development of Taicang's economy and society, as well as the acceleration and efficiency of Taicang's urban construction, the enormous urban value of Taicang has been unprecedentedly highlighted. Famous enterprises such as Vanke, Wanda, Zhongnan, COFCO, Fosun, and Country Garden have successively seized Taicang. On May 18th, the South China Printing plot on the north side of Taicang Wanda Plaza was sold. After 194 rounds of bidding, Jianfa Group won it for 1.519 billion yuan, once again verifying the attractiveness of Taicang plot to industry leaders.

Taicang is also a city with strong inclusiveness. About half of the population living in Taicang are outsiders who find a place to settle down and work in peace. Among them are both ordinary Xintaicang people and various introduced talents, as well as representatives of the 12th National People's Congress, Cao Yong, and the 14th National People's Congress, Chu Feng, who have grown from ordinary workers to the pride of Taicang. Happiness and inclusiveness have also laid the foundation for the stable and healthy development of Taicang's real estate industry. On May 29th this year, the "2023 China's Most Happiest City Survey and Selection Activity" was launched in Hangzhou. Taicang was once again shortlisted as a candidate for urban and county-level cities. Previously, Taicang had been named China's Most Happiest City 11 times, and has been ranked first in county-level cities for 7 consecutive times since last year. The release of urban value and the improvement of urban taste have also driven the stability and development of the Taicang real estate market. According to statistics, in the first five months of this year, the transaction volume of Taicang commercial housing maintained a double-digit increase compared to the same period last year, and the entire real estate industry showed a trend of stabilization and improvement.

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