22 October 2024
On 22 October 2024, the Guangzhou Municipal Housing and Urban-rural Development Bureau, (“the authorities”) issued the “Notice of Issuing the Implementation Measures for Promoting the Support of Green Construction and Construction Energy Conservation Development Funds in Guangzhou Municipality” (“the Measures”). These Measures announced that demonstration projects that receive high-star green building certification shall be subsidized at RMB 50 per square meter for two-star green buildings, with a maximum subsidy of RMB 500,000 per project; three-star green buildings shall be subsidized at RMB 100 per square meter, with a maximum subsidy of RMB 1 million per project. These Measures shall be effective from 1 January 2025 and valid for 5 years.