Shenzhen's real estate new policy in its first month, transactions of new and second-hand houses increased by 33% year on year.

Shenzhen's real estate new policy has been in effect for one month. On April 29th, Shenzhen released new policies to optimize the real estate market, including loosening restrictions on purchases in certain areas and increasing the amount of housing provident fund loans. In the eyes of industry experts, after the "mini spring" in the real estate market in March and April, market transactions usually tend to fall back in May, but the situation in Shenzhen's real estate market this year is different. According to monitoring data from Shenzhen's Shell Research Institute, as of May 27th, the number of newly sold residential properties in Shenzhen in May this year was 3,970 units, an increase of 51% compared to the same period last year; the number of second-hand residential properties sold reached 5,006 units, an increase of 21% year-on-year; the total number of first-hand and second-hand residential properties sold was 8,976 units, an increase of 33% year-on-year.