Gelonghui, May 11 | Yamato released a research report saying that Shenzhen issued a “Notice on Further Optimizing Real Estate Policies” to further optimize real estate policies in terms of optimizing housing purchase restriction policies in zoning, adjusting commercial housing policies of enterprises and institutions, and improving the facilitation of second-hand housing transactions. The bank said that Shenzhen, along with other major cities, is relaxing the housing purchase restriction policy. Although it did not completely change the rules of the game, it sent a positive signal to the property market, believing that state-owned housing enterprises are still the best long-term investments, and reiterated that China Resources Land and Yuexiu Real Estate are preferred. The report points out that although the latest relaxation measures do not cover the entire city, they are still in line with the expectations because the housing supply in the core area is still tight, and considering that 66% of Shenzhen residents still have no accounts, it is believed that the impact of the new measures will not be too slight, and the reduction in the housing purchase threshold should speed up the release of housing demand. According to CREIS data, these non-core areas contributed about 88% of new housing sales in Shenzhen in 2023.