Shenzhen Eases Property Policies

Shenzhen released new housing policies on April 29th, further relaxing purchase restrictions in core areas. Urban renewal involves adjusting urban spatial resources through maintenance, renovation, demolition, and improvement of public resources to better meet current and future needs. Following the implementation of new housing policies on April 29th, Shenzhen's new commercial housing market showed initial effects. From April 30th to May 3rd, the city recorded 389 new commercial residential units subscribed, a 22.7% increase year-on-year. Sales reached 428 units, up 63.4% year-on-year. Resale home transactions totaled 304 units, a 50% year-on-year increase. The new policy allows families purchasing new commercial housing in a district where they do not own a home to be recognized as first-time homebuyers, reducing down payments by approximately 200,000 yuan and monthly mortgage payments by a thousand yuan. Shenzhen's housing bureau reported that from April 30 to May 3, new commercial housing sales and subscriptions reached 389 units, a 22.7% increase compared to the same period in 2025. New residential property transactions in Shenzhen increased by 22.7% between April 30 and May 3, according to Shenzhen Housing Bureau data. New data from the Shenzhen Housing and Construction Bureau shows an increase in residential transactions following new housing policies introduced on April 29. Second-hand housing transactions rose by 56.7%. Since new housing policies were implemented on April 29th, Shenzhen's real estate market has shown initial positive effects.