Shenzhen's new real estate policy has officially been implemented. Experts: Good for market transactions.

After Beijing and Shanghai, on the night of September 5th, the Housing and Construction Bureau of Shenzhen and the Shenzhen Branch of the People's Bank of China issued a notice on further optimizing and adjusting the city's real estate policy measures, marking a significant new policy for the housing market in Shenzhen. "Overall, Shenzhen's policy is stronger than that of Beijing and Shanghai, and the relaxation of purchase restrictions in peripheral areas slightly exceeds market expectations," said Li Yu Jia, chief researcher at the Housing Policy Research Center of the Guangdong Provincial Urban and Rural Planning Institute. Li Yu Jia further analyzed that the new policy in Shenzhen will benefit market transactions, as some people are optimistic about future demand and believe that prices have bottomed out, prompting them to make timely purchases. Additionally, it can attract buyers from other regions, as Shenzhen is more inclusive and tolerant, and the real estate market can flourish with the help of external purchasing power. The relaxation of purchase restrictions in peripheral areas may attract buyers from the surrounding Pearl River Delta or other cities in Guangdong, and even people from inland areas. "Currently, most of the second-hand housing listings and new housing inventory in Shenzhen are concentrated in peripheral areas, especially with the recent continuous increase in new housing inventory. The average selling period has been climbing for 5 consecutive months, mainly in peripheral areas. Therefore, the relaxation of purchase restrictions, combined with the arrival of the peak selling months of September and October, will have a noticeable impact on the de-stocking of peripheral areas" Li Yu Jia explained. Additionally, there may be a potential suction effect on the surrounding urban area of Shenzhen, which needs to be closely monitored.