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<CN Home>Upsurge in Shanghai's 2nd-Hand Home Deals in 1st Wk after 'Shanghai 6 Measures' Implementation: Report
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The Shanghai Municipal Housing and Urban-Rural Development Management Committee, along with five other departments, recently issued a notice on optimizing and adjusting the city's real estate policy measures, known as the “Shanghai Six Measures”. Such measures include reducing housing purchase restrictions, optimizing housing provident funds, refining personal housing credit, and improving personal housing property tax, among others. One week after the implementation of the “Shanghai Six Measures”, there has been a notable increase in homebuyers' interest and intention to purchase properties, reported the Securities Times. Some new housing projects have logged a simultaneous rise in inquiries and contract signings, with quality properties signaling an imminent sell-out. Data from the Shanghai Housing Administration Bureau showed that 1,103 second-hand housing contracts were signed online in a single day on last Saturday, August 30, marking a three-month high. In August, over 19,900 second-hand housing transactions were completed, representing an annual increase of about 12% and a monthly increase of 3.44%. AASTOCKS Financial News Website: www.aastocks.com |
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