May 31, 2024 07:31 PM

Commentary: Shanghai’s Relaxing Housing Restrictions Show Policymakers’ Determination

By Wu Xiaobo’s team

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Perspective buyers check out a model of new residential development in Shanghai on Jan. 15.

Shanghai’s Monday announcement of major changes to its housing policies has caught much market attention.

They included lowering mortgage rates and easing purchase restrictions, such as expanding the areas where unmarried nonlocals are allowed to purchase preowned homes.

The implications of these changes are threefold and can be summarized with three keywords: direction, improvement and population.

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Shanghai announced changes to housing policies, including lower mortgage rates and eased purchase restrictions for unmarried nonlocals.
Families with multiple children can now buy up to three homes, supporting their needs for larger living spaces.
The policies aim to boost Shanghai's appeal to talent, as population levels are crucial to housing demand amidst economic challenges.

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