Home buyers in the Chinese mainland are celebrating a significant boost in the real estate market! During the week-long National Day holiday, home sales saw a notable rise, thanks to a series of property stimulus measures introduced since late September.
According to China Media Group (CMG), citing the Ministry of Housing and Urban-Rural Development, over 50 cities rolled out new policies aimed at invigorating the housing market. These initiatives have clearly caught the attention of potential buyers, with house visits increasing significantly across the board.
Moreover, nearly 2,000 developments from more than 1,000 property companies jumped into action, offering various promotions to attract buyers. This coordinated effort is proving effective, as sales figures in many regions have climbed to varying degrees during the holiday period.
The surge in home sales not only highlights the effectiveness of the recent stimulus measures but also reflects a growing confidence in the Chinese mainland's real estate prospects. As the market continues to respond positively, both buyers and developers are optimistic about the future.
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