The relaxation of purchase restrictions in Beijing and Shanghai has boosted transaction volume and policy tightening in many places is accumulating energy for the traditional busy season of "Golden September and Silver October".

The China Index Research Institute found that more than 420 real estate policies have been introduced across the country since the beginning of this year. Among the 30 policies introduced in August, the relaxation of purchase restrictions in Beijing and Shanghai has undoubtedly become the focus of market attention. After the policies were implemented, both markets in Beijing and Shanghai gave positive feedback. Both new and second-hand home transactions in Beijing showed an increasing trend, with a more significant increase in new home transactions, which increased by nearly 9% compared to the previous month. The Shanghai market also showed signs of warming, with a significant increase in visits and subscriptions to key new housing projects in the outer ring areas. According to Anjuke data, nearly 20,000 second-hand homes were sold in Shanghai in August, reaching a new high for the same period in nearly four years. In addition to Beijing and Shanghai, real estate control measures were continuously implemented in several cities across the country in August. For example, Suzhou lifted restrictions on property sales, Guangxi planned to optimize price limits, and Changchun planned to reduce the down payment ratio for new home loans. A series of precise measures are being formulated or implemented, preparing for the upcoming traditional peak season of "Golden September and Silver October". On August 18th, the State Council's ninth plenary session clearly stated to take strong measures to consolidate the stabilization trend of the real estate market. Analyst Wang Jianzi from the China Index Research Institute said that this may indicate that policies will be further strengthened. The market has entered the traditional peak season of "Golden September and Silver October", and it is expected that real estate companies will accelerate their release of new properties in core cities, leading to a phase of increased market activity.