Shenzhen real estate new policies implemented: the number of second-hand house transactions at agency stores doubled, and customers from other cities are starting to enter the market.

On the evening of April 29th, the new real estate policy in Shenzhen officially took effect, targeting the relaxation of purchase restrictions in the core areas of Futian, Nanshan, and Baoan Xin'an, and simultaneously increasing support for provident fund loans. The implementation of the new policy coincided with the May Day holiday, with the policy benefits quickly spreading to the frontline market. "Compared to previous holidays, the proportion of customers staying in Shenzhen to view properties during this May Day is significantly higher," said Cai Xintao, a broker from LeYouJia in Shenzhen. Data from LeYouJia Research Institute showed that on the first day of the May Day holiday, the number of viewings of new properties in Shenzhen increased by 31% compared to the same period last year, while viewings of second-hand properties increased by 58%; the number of signed contracts for second-hand properties at LeYouJia stores increased by 114% compared to the same period last year. Data from the Shell Research Institute also showed that on May 1st, the number of signed contracts for second-hand properties at Shell's partner stores increased by 67% compared to the same period last year, demonstrating the immediate impact of the new policy.