At the end of August, for the first time since this year, Shanghai introduced the “Shanghai Six Rules”, a property market optimization policy. The favorable policy has only been implemented for a week, and the effects have already been initially evident. The reporter learned from a number of developers that many improved customers, which were previously limited by their eligibility to buy a home, received “house tickets” after the new policy, and the “promotion and loan” of the Provident Fund also greatly enhanced the purchasing power of customers, promoted simultaneous growth in the turnover of many projects, and achieved “sunshine” for newly opened projects. At the same time, after a lapse of 2 months, second-hand housing also showed good results of breaking 1,000 units in a single day. The industry believes that with the market's reaction to and digestion of policies, transaction performance will rise steadily in the future, effectively consolidating the steady market trend in Shanghai, and is expected to lead the recovery of property markets in Tier 1 and 2 hot cities across the country. After major cities successively introduced a new round of property market support policies, “gold, nine, silver, ten” can be expected.

At the end of August, for the first time since this year, Shanghai introduced the “Shanghai Six Rules”, a property market optimization policy. The favorable policy has only been implemented for a week, and the effects have already been initially evident. The reporter learned from a number of developers that many improved customers, which were previously limited by their eligibility to buy a home, received “house tickets” after the new policy, and the “promotion and loan” of the Provident Fund also greatly enhanced the purchasing power of customers, promoted simultaneous growth in the turnover of many projects, and achieved “sunshine” for newly opened projects. At the same time, after a lapse of 2 months, second-hand housing also showed good results of breaking 1,000 units in a single day. The industry believes that with the market's reaction to and digestion of policies, transaction performance will rise steadily in the future, effectively consolidating the steady market trend in Shanghai, and is expected to lead the recovery of property markets in Tier 1 and 2 hot cities across the country. After major cities successively introduced a new round of property market support policies, “gold, nine, silver, ten” can be expected.