After the Politburo meeting of the Central Committee on September 26 set the tone “to stop falling and stabilizing the real estate market,” the Ministry of Housing, Urban-Rural Development made important arrangements to stop falling and stabilize the real estate market on September 29, clearly “supporting cities, especially first-tier cities, to make good use of their autonomy in regulating the real estate market and adjust housing purchase restriction policies according to city policies.” Immediately, the four first-tier cities quickly optimized their real estate regulation policies and implemented them just before the National Day. Not only are first-tier cities, but over the past half month, more than 50 cities, including Wuhan, Nanchang, Hefei, Hangzhou, and Chengdu, have also introduced property market optimization policies, involving measures such as reducing interest rates on existing mortgages, lowering down payments, abolishing commercial housing purchase restrictions, price limits, and increasing housing purchase subsidies, etc., to release benefits for the property market and boost market confidence. In addition, more than 130 cities have organized and carried out various forms of online and offline commercial housing promotions, such as the Golden Autumn Promotion Season, housing fairs, and live house viewing.

After the Politburo meeting of the Central Committee on September 26 set the tone “to stop falling and stabilizing the real estate market,” the Ministry of Housing, Urban-Rural Development made important arrangements to stop falling and stabilize the real estate market on September 29, clearly “supporting cities, especially first-tier cities, to make good use of their autonomy in regulating the real estate market and adjust housing purchase restriction policies according to city policies.” Immediately, the four first-tier cities quickly optimized their real estate regulation policies and implemented them just before the National Day. Not only are first-tier cities, but over the past half month, more than 50 cities, including Wuhan, Nanchang, Hefei, Hangzhou, and Chengdu, have also introduced property market optimization policies, involving measures such as reducing interest rates on existing mortgages, lowering down payments, abolishing commercial housing purchase restrictions, price limits, and increasing housing purchase subsidies, etc., to release benefits for the property market and boost market confidence. In addition, more than 130 cities have organized and carried out various forms of online and offline commercial housing promotions, such as the Golden Autumn Promotion Season, housing fairs, and live house viewing.