In Shenzhen, which is one of the country's property market trends, the new and second-hand housing markets also changed during the National Day holiday with the release of joint policy efforts. “Stimulated by policies, second-hand housing turnover in September was already significantly higher than in August. The volume of inquiries and transactions during the National Day holiday also picked up compared to the past.” Xiong Xiaofei, business district manager of Shenzhen Chainjia Oriental Yiyuan Store, told the Securities Times reporter, “The most intuitive change is that the buyer's decision-making chain has been significantly shortened. The new property market policy has boosted buyers' confidence, removed the uncertainty that has existed for a long time in the market, and made purchasing decisions more decisive.” During the interview, the reporter discovered that although second-hand housing price trends in different regions of Shenzhen are divergent, market confidence has been restored, and the bargaining space for owners and buyers continues to narrow. At the same time, the proportion of buyers applying for long-term personal housing loans of 30 years or more is rapidly increasing. Also, according to monitoring by the Shenzhen Shell Research Institute, in the five days before the National Day holiday this year, the number of second-hand housing contracts at Shell Shenzhen partner stores increased 23% year-on-year.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.