New Shanghai real estate policy comes into effect today. Experts believe it will further lower the threshold for buying a house.

Yesterday, Shanghai introduced new policies on the real estate market, involving adjustments to policies on housing purchase restrictions and housing provident fund. The new policies will take effect today. Experts believe that this move is expected to further lower the threshold for purchasing houses, promote stable and healthy development of the real estate market. Industry insiders pointed out that the industrial layout outside the outer ring road in Shanghai is diversified, with a concentration of first-time home buyers and improvement-oriented demand. This policy adjustment will better release purchasing power, activate transaction activity outside the outer ring road in Shanghai, and better support the housing and employment needs of workers in that area.