swordfromcrouchingtigerhiddendragon| Shanghai optimizes and adjusts real estate market policies

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Securities Times NewsswordfromcrouchingtigerhiddendragonAccording to the Shanghai Housing and Urban-Rural Construction Management Public AccountswordfromcrouchingtigerhiddendragonOn May 27, four departments including the Shanghai City Housing and Urban-Rural Construction Management Commission, the Municipal Housing Administration Bureau, the Municipal Planning Resources Bureau, and the Municipal Taxation Bureau jointly issued the "Notice on Policies and Measures to Optimize the Stable and Healthy Development of the City's Real Estate Market"(hereinafter referred to as the "Notice"), proposing nine policy measures, including adjusting and optimizing housing purchase purchase restrictions, supporting reasonable housing needs of families with many children, optimizing housing credit policies, supporting "trade-in" and optimizing land and housing supply. The "Notice" will come into effect on May 28, 2024.

Proofread by: Yao Yuan

swordfromcrouchingtigerhiddendragon| Shanghai optimizes and adjusts real estate market policies