The Zhitong Finance App learned that recently, policies to lift purchase restrictions and sales restrictions for real estate in various regions have continued to be released. On October 16, according to the official website of the Tianjin Municipal People's Government, Tianjin recently issued “Certain Measures on Further Optimizing Real Estate Policies to Better Meet the Rational Housing Needs of Residents”. Among them, in terms of lifting restrictive housing measures, restrictive measures on the purchase and transfer of newly built commercial housing and second-hand housing in Tianjin were clearly abolished, and guidance on the upper sales price limit for newly built commercial housing was no longer implemented.
Recently, Dongfang City, Chengmai County, and Wenchang City in Hainan Province have also issued notices to completely lift restrictions on commercial housing purchases and transactions. Hainan's implementation of a “global purchase restriction” policy for real estate over 6 years has opened up a gap.
From the end of 2010 to the beginning of 2011, Beijing, Guangzhou and other places introduced purchase restriction policies one after another. Property market purchase restrictions in key Chinese cities have passed for 14 years. According to statistics from relevant research institutes, as of October 16, only Beijing, Shanghai, Shenzhen, and parts of Hainan in the country still have housing purchase restriction policies. However, before the three cities of Tianjin and Hainan lifted purchase restrictions, Shanghai, Guangzhou, Shenzhen, and Beijing also successively announced adjustments to the property market purchase restriction policies.
Fueled by intensive policies, property markets in many places are now warm since the launch of “Silver Ten.” According to statistics from the Kerry Research Center, the subscription area for new housing projects in the 23 key cities it monitored increased 77% month-on-month and 65% year-on-year. Among them, the four first-tier cities in the north, Guangzhou, and Shenzhen increased 102% year-on-year, and second-tier and third-tier cities increased 55% year over year.
The popularity of the Shenzhen and Shanghai property markets has recently rebounded markedly. According to statistics from the Shenzhen Real Estate Agents Association, from October 1 to 7, 1,841 newly built commercial residential units were purchased and sold in Shenzhen, totaling 191,800 square meters, an increase of 664.14% over the same period last year. In terms of second-hand housing, the average daily volume and transaction volume of leading intermediaries in the city increased 22% and 339%, respectively, compared to the 2023 National Day holiday. Also, according to media reports, the number of online second-hand housing registrations in Shanghai has risen sharply recently, hitting a one-year high.
Research reports related to Guojin Securities showed that in late September of this year, easing policies from the central government to local property markets were intensified, and residents' confidence in buying homes recovered. The overall performance of the property market in key cities during the National Day holiday was better than the September and May 1st holidays. Among them, core cities, typified by Guangshen and Shenzhen in the north, benefited from favorable policies. New and second-hand housing transactions all increased dramatically, and the overall market popularity was steadily picking up; however, cities such as Hefei, Ningbo, and Nanjing also showed signs of short-term visits and subscription increases; however, cities such as Hefei, Ningbo, and Nanjing showed signs of rising short-term visits and subscriptions; however, cities such as Hefei, Ningbo, and Nanjing showed signs of rising short-term visits and subscriptions; however, cities such as Hefei, Ningbo, and Nanjing showed signs of rising short-term visits and subscriptions; however, cities such as Hefei, Ningbo, and Nanjing showed signs of rising short-term visits and subscriptions; however, cities such as Hefei, Ningbo, and Nanjing showed signs of rising short-term visits and subscriptions; however, cities such as Hefei, Ningbo, and Nanjing showed signs of rising short-term visits and subscriptions; however, cities such as Hefei Weak, there are few changes in overall subscription and early stages, and the project is fragmented It continues to intensify.
Everbright Securities said that recently, policies to lift purchase restrictions and sales restrictions for real estate have continued to be released, new housing transactions have surged in many places, and activity in the property market has increased markedly. It is expected that the real estate policy will continue to gain strength in the future to promote the steady and healthy development of the real estate market.
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