According to CITIC Construction Investment, on August 20, Shanghai introduced the “Shanghai Eight Rules” for the property market. The new policy focuses on optimizing provident fund withdrawals and implementing housing purchase subsidies. Overall, Shanghai's new property market policy targets inventory targets outside the outer ring. The reduction in housing purchase subsidies and down payment ratios for two homes can encourage residents to replace homes with new homes outside the outer ring. Since this year, the Shanghai property market has shown a steady trend. Second-hand housing sales increased 14% year on year, the listing price index rose 1.6%, and the inventory of new homes fell 8% from the end of last year. The new property market policy is expected to increase the volume of new housing transactions outside the outer ring, further improve the supply and demand relationship in the new housing market, and consolidate the trend of the Shanghai property market stopping falling and stabilizing.

According to CITIC Construction Investment, on August 20, Shanghai introduced the “Shanghai Eight Rules” for the property market. The new policy focuses on optimizing provident fund withdrawals and implementing housing purchase subsidies. Overall, Shanghai's new property market policy targets inventory targets outside the outer ring. The reduction in housing purchase subsidies and down payment ratios for two homes can encourage residents to replace homes with new homes outside the outer ring. Since this year, the Shanghai property market has shown a steady trend. Second-hand housing sales increased 14% year on year, the listing price index rose 1.6%, and the inventory of new homes fell 8% from the end of last year. The new property market policy is expected to increase the volume of new housing transactions outside the outer ring, further improve the supply and demand relationship in the new housing market, and consolidate the trend of the Shanghai property market stopping falling and stabilizing.