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reference news network reported on october 7according to a reuters report on october 5, following the introduction of a series of real estate stimulus measures in late september, china’s home sales increased during the national day holiday.

according to reports, in the world's second largest economy, various regions have successively introduced policies this year, including lowering down payment ratios and mortgage interest rates, to support the real estate industry. the real estate industry once accounted for a quarter of china's economic activity. according to china central radio and television, during the week-long holiday starting from october 1, the number of house inspections and visits reflecting the willingness to buy houses increased significantly, and the sales of commercial housing in many places increased to "varying degrees".

the report also said that more than 50 cities have introduced policies to optimize the city's real estate market, and nearly 2,000 projects (properties) from more than 1,000 real estate companies have participated in local promotions. since the national day holiday, the number of visits to most projects participating in the promotion has increased by more than 50% year-on-year.

according to reports, in shenzhen, a city in southern china, many real estate sales offices worked overtime to sell properties, and the number of people viewing the properties on site and the volume of transactions "increased significantly." the report also said that some home buyers drove long distances to view properties on site.

last month, guangzhou city, guangdong province announced the cancellation of various purchase restriction policies for households to purchase houses in the city. shanghai and shenzhen relaxed the purchase restrictions for households without registered residence in the city and lowered the minimum down payment ratio for the first home to no less than 15 %.

according to a report on the website of singapore's "lianhe zaobao" on october 5, china's four major first-tier cities have relaxed property market purchase restrictions on the eve of the national day, and more than 50 other cities have also introduced real estate optimization policies, driving the growth of house inspections and sales in many places. the property market there are signs of recovery.