The Zhitong Finance App learned that the China Index Research Institute released a report saying that in September, the “price for volume” phenomenon by owners in the second-hand housing market continued, and the transaction scale declined somewhat from month to month. In this context, at the end of September, the central government intensively introduced a “package” of new real estate policies. The September 26 Politburo meeting proposed “to stop the decline and stabilize the real estate market”. The central bank pushed for interest rate cuts and downpayment ratios, and went north to Guangzhou and Shenzhen to continuously optimize the purchase restriction and loan restriction policies. Multiple benefits led to a marked increase in market activity during the National Day holiday. The popularity of second-hand housing in core cities generally increased significantly compared to before the holiday season. It is expected that with policy support, residents' confidence in buying property will recover. The new policy will continue to take effect in the short term, and the core city market is expected to stabilize.

The Zhitong Finance App learned that the China Index Research Institute released a report saying that in September, the “price for volume” phenomenon by owners in the second-hand housing market continued, and the transaction scale declined somewhat from month to month. In this context, at the end of September, the central government intensively introduced a “package” of new real estate policies. The September 26 Politburo meeting proposed “to stop the decline and stabilize the real estate market”. The central bank pushed for interest rate cuts and downpayment ratios, and went north to Guangzhou and Shenzhen to continuously optimize the purchase restriction and loan restriction policies. Multiple benefits led to a marked increase in market activity during the National Day holiday. The popularity of second-hand housing in core cities generally increased significantly compared to before the holiday season. It is expected that with policy support, residents' confidence in buying property will recover. The new policy will continue to take effect in the short term, and the core city market is expected to stabilize.