REAL estate markets in China's first-tier cities are picking up following optimized policies nearly one month after their introduction. Beijing, Shanghai, Shenzhen and Guangzhou in South China's Guangdong Province are showing signs of recovery as the effects of newly implemented policies become increasingly evident.On September 29, Shanghai, Guangzhou and Shenzhen announced measures to boost their local property markets, with Beijing following the next day.From Oct.
In Shanghai, data collected by 58 Anjuke Institute showed that as of Saturday, secondhand home transactions so far in October surpassed 20,000, marking the fourth month this year to exceed that threshold after March, June and July.'It shows that Shanghai's real estate market is gradually recovering, and buyers are adopting a positive attitude.