After the implementation of the new policy on May 28th, both the primary and secondary housing markets in Guangzhou have become active. According to the statistics of the Hefu Research Institute, the first-hand and second-hand housing markets in Guangzhou have both shown a trend of recovery under the influence of this new policy. The research report of China Securities Co., Ltd. pointed out that the continuous relaxation of policies is expected to provide support for demand, and core cities and second-hand housing markets are expected to recover first.
After the implementation of the Guangzhou 5.28 new policy, both the primary and secondary markets have become noticeably active. According to the research of Hofo Institute, the primary and secondary residential markets in Guangzhou have shown a trend of rebound under the influence of this new policy. Among them, the transaction volume of primary residences has increased nearly 40% month-on-month, and the net signing volume of secondary residences has reached a new high in nearly two months.
Multiple industry insiders pointed out that the cumulative effect of policies is gradually showing, and the market is developing towards a positive direction. Compared with the ups and downs of 2023, although this round of bottom-building and recovery market is slow, it is expected to be more stable and sustainable. China Securities Co., Ltd. research report pointed out that on May 17th, many departments have issued a series of real estate support policies, including reducing the down payment ratio, canceling the lower limit of personal housing loan interest rates, lowering housing provident fund loan interest rates, and establishing 300 billion yuan of re-loans for security housing and other measures. Hangzhou and Xi'an have lifted their purchase restrictions, while Shenzhen and Shanghai have optimized their purchase restrictions. Constantly relaxed policies are expected to provide support for demand, and core cities and secondary housing markets are expected to recover first.
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