The activity level of the real estate market in Guangzhou has been continuously increasing since May.

On May 26th, the city of Guangzhou held a press conference on a series of supporting documents for the implementation of the "Opinions on Further Promoting the Stable and Healthy Development of the Real Estate Market". Deputy Secretary-General Huang Guanglie of the Guangzhou Municipal Government introduced that on April 30th, Guangzhou issued the "Opinions on Further Promoting the Stable and Healthy Development of the Real Estate Market". With the continuous release of policy effects, market activity has been increasing. Since May, the number of visits, subscriptions, and online signings of key new housing projects in the city have increased by 26.9%, 36.9%, and 11.4% respectively compared to the previous month; the number of second-hand residential units signed in a week has increased by 9.3%, while the number of new listings has decreased by 16.7% year-on-year. The new policy on housing provident fund has taken effect, with a total of 4,484 loan applications processed amounting to 4.746 billion yuan, representing an increase of 47.05% and 56.43% respectively compared to the same period last year.