Beijing's real estate market new policy has been in effect for a month: the transaction volume of second-hand houses on the intermediary platform has increased by 30%, and the conversion rate of visits to high-quality new houses has also increased.

In December last year, Beijing's Housing and Urban-Rural Development Committee and 4 other departments optimized the real estate market policies by relaxing the purchase conditions for non-Beijing residents and supporting families with more than one child to buy multiple properties. Now, one month after the new policy has been implemented, institutional data shows positive changes in the market, with a more than 30% increase in second-hand housing transactions on intermediary platforms and an increase in conversion rates for high-quality new housing visits in core areas. However, there is still a significant differentiation between regions and projects. The new housing market also shows signs of stabilization. According to data on signed contracts, monitoring by the China Index Research Institute shows that since the implementation of the new policy one month ago, there has been an average of 96 daily signed contracts for new residential properties in Beijing, a 4.3% increase from before the policy. Cao Jingjing, the general manager of the Index Research Department at the China Index Research Institute, stated that with the increased promotional efforts by real estate companies before the Spring Festival and the continued release of policy effects, the market activity is expected to maintain in the short term.