Beijing: "88" new real estate policies have been implemented for a month, with the transaction volume of new and second-hand houses doubling.

In terms of traditional consumption, September is known as the "Golden September." Under the combination of policies, the market has shown initial results. Monitoring data shows that in August, there were 2824 newly signed transactions for new residential properties in Beijing, an increase of 2.3% compared to the previous month; and 13119 second-hand residential property transactions, an increase of 4.1% compared to the previous month. "The new policies have optimized restrictions for singles and adjusted the restrictions for properties outside the Fifth Ring Road, accelerating the pace for home buyers to enter the market and optimizing the housing provident fund policy, reducing the financial threshold for home buyers," said Zhao Xiuchi, Vice President of Beijing Real Estate Law Society. A series of policy measures have promoted the entry of demand for first-time and improved housing, which is beneficial for restoring market confidence and creating favorable conditions for the traditional peak season of home sales from September to October. It was noted that various new properties are actively attracting buyers, with some offering special discounted prices in early September to increase sales volume; some planning to launch new projects in mid-September to attract visitors; and others planning to release new buildings at the end of September to attract new customers. Industry insiders predict that the market will maintain a stable trend of increasing volume and stable prices in September. "With the continuous release of policy dividends, market activity is expected to further increase, especially in some popular areas that are suitable for living and working, which may show exceptional performance," said Zhao Xiuchi.