After the implementation of a series of new property market policies, activity in the second-hand and new housing markets in Beijing has increased, and indicators such as weekly turnover have “picked up”. Recently, the reporter visited several real estate agency stores in Beijing's Xicheng District, Fengtai District, etc., and learned that since mid-late August, real estate agency stores have seen a marked increase in reception and telephone inquiries. At the beginning of August, Beijing announced a new round of new property market policies. The social security or personal tax payment period for non-Beijing households purchasing commercial housing within the 5th Ring Road was reduced from 2 years to 1 year, while increasing the amount of provident fund loans and expanding the scope of “secured transfers.”

After the implementation of a series of new property market policies, activity in the second-hand and new housing markets in Beijing has increased, and indicators such as weekly turnover have “picked up”. Recently, the reporter visited several real estate agency stores in Beijing's Xicheng District, Fengtai District, etc., and learned that since mid-late August, real estate agency stores have seen a marked increase in reception and telephone inquiries. At the beginning of August, Beijing announced a new round of new property market policies. The social security or personal tax payment period for non-Beijing households purchasing commercial housing within the 5th Ring Road was reduced from 2 years to 1 year, while increasing the amount of provident fund loans and expanding the scope of “secured transfers.”