Beijing has rolled out a fresh round of home-buying support measures, lowering the residency requirement for non-Beijing buyers from two years to one year of consecutive income-tax payments or social-insurance contributions, and raising the maximum housing provident fund loan to RMB 3.4 million, according to Moomoo, citing Zhitong Finance. Mainland Chinese property stocks led gains on the news, with Country Garden up 10.67%, Shimao Group up 10.29%, Sunac China up 6.03% and Vanke up 2.8% as of press time.
Dongwu Securities said Beijing’s housing market currently shows stabilising demand, shrinking supply, supportive government policy, strong momentum from first-time buyers and a rebound in transaction prices. The brokerage expects the new measures to further reduce home-buying costs, unlock additional demand and improve market sentiment, with the effect likely to match or slightly exceed that of Shanghai’s “Seven Measures” introduced in February.
Dongwu Securities added that the latest round of Beijing policy follows the Politburo’s call to “strengthen counter-cyclical adjustments” and lands ahead of the traditional “Golden September, Silver October” peak sales season, giving it significant policy-signalling value. The brokerage said further incremental measures targeting the property sector could serve as a key lever for macroeconomic policy in the second half of the year.
References
Moomoo, citing Zhitong Finance — Hong Kong Market Update | Mainland Property Stocks Lead Gains as Beijing Implements Major Real Estate Policy
