政府新闻
上海的新购房政策使周末有意购房者数量增多 2023-12-19
Shanghai's recent financial measures to revitalize the housing market have encouraged many people to spend the past weekend viewing new houses, according to salespeople.
The number of contracts signed doubled last weekend after Shanghai announced new down payment and mortgage policies last week, salespersons at real estate brokerages in the eastern city told Yicai.
"We were so busy and had a hectic work schedule on the weekend," a second-hand house realtor said to Yicai. Some people have rushed to take advantage of the larger room for negotiation to ink contracts before the real estate market heats up again, the realtor added.
Based on the new policies, buyers need to pay 30 percent of the price upfront instead of 35 percent and purchasers of first homes can enjoy a loan interest rate of 4.1 percent instead of 4.55 percent. Such rate was lowered to 4.5 percent for second-home buyers, down from 5.25 percent. Beijing also eased its related policies.
On Dec. 15, a housing project in Shanghai's Jiading district welcomed two or three times as many visitors as usual, and the numbers even grew the next day.
At another location, even cold temperatures failed to keep visitors away. "The temperature dropped sharply in Shanghai on Dec. 15. If it were normal times, there would be very few visitors. But we received more than 120 groups of visitors on Dec. 15, which is two to three times as many as usual," an industry insider in charge of marketing at a new housing project in Shanghai told Yicai. The reason is the lowered down payment ratio, the person added.
The insider said that the down payment ratio used to be as high as 70 percent for buyers of second homes in Shanghai but now some areas have lowered it to 40 percent after the new policy was issued, giving hope to purchasers who just lacked CNY1 million or CNY2 million (USD140,200 to USD280,400) to make some moves.
Certain real estate developers are even considering canceling earlier discounts after the new policy was issued, Yicai learned.
Source: Yicai Global
