On April 29, domestic housing stocks rose across the board. As of press release,$CIFI HOLD GP (00884.HK)$increased 15% to HK$0.345;$SINO-OCEAN GP (03377.HK)$up 15.79% to HK$0.33;$SHIMAO GROUP (00813.HK)$rose 19.72% to HK$0.425;$CHINA VANKE (02202.HK)$It rose 13.46% to HK$4.72.
According to the news, on April 28, Chengdu in Sichuan Province issued a notice that housing transactions within the city will no longer be reviewed for eligibility to buy homes. After Chengdu became a hot provincial capital city such as Wuhan, Hefei, Nanjing, and Changsha, it was another city that fully liberalized housing purchase restrictions. Up to now, with the exception of Hainan Province, only the four major first-tier cities of Beijing, Shanghai, Guangzhou, and Shenzhen, as well as core areas such as Hangzhou (new housing), Tianjin, and Xi'an, have maintained purchase restriction policies among core cities.
According to the CITIC Construction Investment Research Report, Chengdu issued a new property market policy, and housing transactions throughout the city will no longer review eligibility for home purchases, that is, purchase restrictions will be completely lifted. It is expected that after the introduction of this new policy, the downward trend in the Chengdu market is expected to reverse. Since 2024, several key cities, including four first-tier cities, have successively loosened their purchase restriction policies. After the policy was introduced, the market response was positive. The relaxation of purchase restriction policies is of great significance in releasing demand for home purchases and promoting the recovery of the property market. Cities that currently maintain purchase restriction policies are expected to continue to relax in the future.