Urban housing transactions rebounded in many areas. In Shanghai, the number of second-hand house transactions in August increased by more than 11% year-on-year.

On August 8th of this year, Beijing adjusted and optimized its policies on housing purchase restrictions and housing provident fund. Since the implementation of the policies, the real estate market has shown positive changes. In August, Beijing signed 2824 sets of new commercial housing, an increase of 2.3% compared to the previous month; the second-hand housing signed 13119 sets, an increase of 4.1% compared to the previous month. On August 25th of this year, Shanghai issued a notice on the optimization and adjustment of the city's real estate policy measures, specifying six measures including the reduction of housing purchase restrictions and optimization of housing provident fund, known as the "Shanghai Six Regulations". With the new policies in place, the Shanghai real estate market emerged with strong performance in August, with nearly 20,000 sets of second-hand housing signed, an increase of over 11% year-on-year. Shanghai Housing Authority data shows that on August 30th, Shanghai signed 1103 sets of second-hand housing in a single day, reaching a new high in nearly 3 months. In addition, just concluded in August, Wuhan, Hubei's new housing and second-hand housing signed transactions also showed an upward trend. Data shows that in August, Wuhan signed 9497 sets of new commercial housing, an increase of 31.74% year-on-year.