Inner Mongolia: Encourage the use of guaranteed housing re-lending to acquire existing commercial housing stock for use as guaranteed housing, etc.

The General Office of the People’s Government of the Inner Mongolia Autonomous Region has issued the “Several Measures to Vigorously Stabilize the Real Estate Market in the Inner Mongolia Autonomous Region.” The document proposes to revitalize and make use of existing stock commercial housing, and to encourage the use of rediscounting and re-lending loans for affordable housing to acquire existing stock commercial housing and use it for purposes such as affordable housing, youth apartments, and staff dormitories. For affordable housing projects that meet the requirements, subsidy funds and support from special-purpose bonds will be provided.

In housing expropriation, on-site (ready-for-occupancy) resettlement will be prioritized. Efforts will be made to explore implementing “housing ticket” resettlement, and residents will be encouraged to exchange housing tickets within the same city.

Commercial and office properties that meet the requirements are allowed to be converted into rental housing, and the prices of water, electricity, and gas will be implemented in accordance with the relevant policies.

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