Shanghai property tax pilot program adjusted for the first time in 14 years, in line with the "Six Policies of Shanghai", better promoting the release of housing consumption demand.

Yesterday, the official website of the Shanghai Municipal Finance Bureau announced the "Notice on Optimizing and Adjusting the Relevant Policies of the Personal Housing Property Tax Pilot in this City", which has attracted much attention from the public. This is the first substantive optimization and adjustment of the pilot policy of property tax on personal housing in Shanghai since it was implemented in 2011. This policy was issued by the Shanghai Municipal Finance Bureau and the Shanghai Municipal Taxation Bureau of the State Administration of Taxation, and is in line with and echoes the "Six Measures in Shanghai Real Estate" released at the end of August. Experts believe that a series of financial policies and taxes will better promote the release of housing consumption demand. In fact, after the release of the "Six Measures in Shanghai Real Estate", the real estate market has improved significantly, with noticeable changes in the new housing market. Developers are eager to sell houses and have started rushing for "September, traditionally the best month for property sales." As of September 19, Shanghai has nearly 40 new housing projects in various stages of subscription, opening, or planning to open, setting a new monthly high since 2025. According to incomplete statistics, the new projects launched earlier this month are mainly concentrated in the outer areas of the city. The market also saw a wave of peak subscriptions. On the first day of subscription, Minhang Meilong Poly Hai Shangyin and Minhang Lanxiang Lake Xiangyu Lanxiang both had subscription rates of over 100%, Putuo Taopu Runyun Jinmao Palace had a subscription rate of 91% on the first day, and Baoshan Yanghang Jinmao Tangqian also had a subscription rate of close to 80% on the first day.