Reported 12 months ago
Since the People's Bank of China introduced new real estate policies in mid-May, the housing market in Beijing, Shanghai, Guangzhou, and Shenzhen has seen increased activity. In June, these cities witnessed a surge in property transactions, with record-high numbers of housing signings reported in Beijing, Shanghai, Shenzhen, and Guangzhou. The policies included adjustments in mortgage rates, down payments, and the establishment of a 300 billion yuan fund to support affordable housing. Beijing, Shanghai, Guangzhou, and Shenzhen have all implemented measures to align with these policies, leading to significant improvements in their real estate markets.
Source: YAHOO