Shenzhen's new policy on the real estate market accurately activated the local market. In the first week, the city's second-hand housing transactions recorded an increase of 19.9% compared to the previous week.
Currently, it is the traditional peak season for real estate sales known as "golden September and silver October". Since the new real estate policy was introduced in Shenzhen on September 5th, market activity has significantly increased. According to the Shenzhen Real Estate Agents Association, in the first week after the new policy was implemented, the city's second-hand housing market recorded 1531 transactions, an increase of 19.9% compared to the week before the policy. The daily average transaction volume not only increased by 28.7% compared to August, but also increased by 72.2% compared to September of last year. The Shenzhen Real Estate Agents Association believes that the noticeable increase in transactions confirms the stimulating effect of the policy on market demand, indicating a clear upward trend in short-term market activity and the manifestation of the policy's stimulating effect. (Shenzhen Special Zone Daily)
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