When New World Development held an online management non-trading roadshow on October 16, Ms. Huang Shaomei, Executive Director of New World Development and CEO of New World China, said that around the National Day holiday this year, the central and local governments introduced a number of real estate optimization and adjustment measures, from the central bank cutting interest rates and downpayment ratios to successive implementation of the New Real Estate Policy in Guangzhou and Shenzhen. In particular, the 9.26 Politburo meeting proposed “to stop the decline and stabilize the real estate market”, which greatly boosted market confidence. With policies in place and favorable support, housing companies' promotion efforts have generally increased. The number of real estate visits and subscriptions in core cities has generally increased significantly compared to before the holiday season, and the real estate market is once again welcoming the “Silver Ten” market. Among them, Guangzhou has fully liberalized its purchase restriction policy, and is the city with the best performance among first-tier cities. Huang Shaomei said that during the National Day, the overall average daily residential sales volume is initially expected to be 2 times that of last year's National Day holiday and 3 times that of the Mid-Autumn Festival holiday this year. On the 7th day of the National Day, residential sales volume surpassed the full month of September this year. Ms. Huang Shaomei said that favorable policies have been implemented one after another, market confidence has been boosted, transaction cycles for various projects have been shortened, conversion rates have increased dramatically, and promotion efforts have been increased for all projects. If favorable policies continue to take effect, the company is confident that it will meet or even exceed the sales target of 11 billion yuan.

When New World Development held an online management non-trading roadshow on October 16, Ms. Huang Shaomei, Executive Director of New World Development and CEO of New World China, said that around the National Day holiday this year, the central and local governments introduced a number of real estate optimization and adjustment measures, from the central bank cutting interest rates and downpayment ratios to successive implementation of the New Real Estate Policy in Guangzhou and Shenzhen. In particular, the 9.26 Politburo meeting proposed “to stop the decline and stabilize the real estate market”, which greatly boosted market confidence. With policies in place and favorable support, housing companies' promotion efforts have generally increased. The number of real estate visits and subscriptions in core cities has generally increased significantly compared to before the holiday season, and the real estate market is once again welcoming the “Silver Ten” market. Among them, Guangzhou has fully liberalized its purchase restriction policy, and is the city with the best performance among first-tier cities. Huang Shaomei said that during the National Day, the overall average daily residential sales volume is initially expected to be 2 times that of last year's National Day holiday and 3 times that of the Mid-Autumn Festival holiday this year. On the 7th day of the National Day, residential sales volume surpassed the full month of September this year. Ms. Huang Shaomei said that favorable policies have been implemented one after another, market confidence has been boosted, transaction cycles for various projects have been shortened, conversion rates have increased dramatically, and promotion efforts have been increased for all projects. If favorable policies continue to take effect, the company is confident that it will meet or even exceed the sales target of 11 billion yuan.