Expert analysis: Shenzhen and Shanghai may follow suit in relaxing housing purchase restrictions.

Li Yujia, Chief Researcher of the Guangdong Provincial Housing Policy Research Center, analyzed that since the second quarter of this year, housing prices in first-tier cities have led the decline. Starting from the second half of the year, policies to relieve the real estate market in first-tier cities have become increasingly frequent. Starting from the new policy in Beijing, it is expected that Shanghai or Shenzhen will follow suit. "The specific policy content will be similar to Beijing, that is, there may be relaxation in the purchase restriction policy, and Shenzhen may exit the peripheral purchase restriction policy. In addition to Yantian and Dapeng, Bao'an District, Longgang District, Longhua District, Pingshan District, Guangming District, etc. may also completely exit the restriction sequence." The policy logic in Shanghai may be similar to that in Beijing. However, Li Yujia believes that although speculative demand has essentially exited, it is unlikely for the core areas of Beijing, Shanghai, and Shenzhen to completely exit the purchase restrictions. "If the central areas also completely exit the purchase restrictions, considering the significant income disparity in China, it may lead to wealthy individuals in the country purchasing property in these areas, exacerbating inequality and creating a suction effect on other areas and cities," Li Yujia said.