According to statistics released by the Guangzhou Real Estate Agent Association on the 27th, under a series of bullish policies, the number of second-hand residential signings in Guangzhou reached 10,456 from May 26th to June 25th, a significant increase of 33.40% compared to the previous month and a new high since April 2023. The signed area was 1.0592 million square meters, an increase of 34.13% compared to the previous month. The Guangzhou Real Estate Agent Association analyzed that with the support of a series of bullish policies, the threshold for buying a residence has dropped significantly; the lowest down payment ratio and mortgage interest rate have been reduced, which to some extent reduces the pressure of paying the initial payment and the cost of purchasing a residence, and stimulates consumers' purchasing enthusiasm. In addition, from the perspective of area range, due to the reduced pressure of the initial payment and mortgage interest rate, some buyers have increased their demand for the area when purchasing a residence. (China News Network)