The loosening of the policy for purchasing houses outside the Fifth Ring Road in Beijing has been in effect for two days: property developments are rushing to announce good news of transactions, experts believe the "clear significance of the new policy signal."

On August 8th, Beijing announced new policies for the real estate market, which will be implemented starting from August 9th. It clearly stipulates that there is no limit to the number of residential properties outside the Fifth Ring Road. During the first weekend after the new policy was announced, the number of visitors to multiple sales offices increased, and the sales revenue of some properties increased significantly. For example, China Merchants Mansion saw sales of about 200 million yuan over the weekend, an increase of 110%. However, online signing data remained stable, and data from online housing platforms showed an increase in daily clicks and inquiries for new properties. Experts believe that the significance of the new policy signal is clear, which is beneficial for boosting market expectations. It is expected that subsequent policies may be further optimized.