Holiday Home Sales Boom in Beijing as Latest Stimulus Entices Buyers

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During the weeklong holiday from Oct.1, new home sales by area in Beijing totaled 28,100 square meters

Home sales surged in Beijing during last week’s National Day holiday as buyers flocked into the market after the city’s recent measure to stimulate the housing market.

During the weeklong holiday from Oct.1, new home sales by area in Beijing totaled 28,100 square meters. Daily sales averaged 4,000 square meters, representing an 81% growth from last year’s National Day holiday, according to data from China Index Academy (CIA).

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Beijing saw a surge in home sales during the National Day holiday, with new home sales area reaching 28,100 square meters, an 81% increase from the previous year.
The city's easing of homebuying restrictions, including lower downpayment requirements and relaxed residency conditions, significantly boosted buyer interest and market confidence.
Sales in China's major cities, Beijing, Shanghai, Shenzhen, and Guangzhou, also rose due to similar policy measures, though the sustainability of this rebound remains uncertain.

AI generated, for reference only