Shenzhen rolled out housing measures on Apr 29 easing purchase restrictions in
core districts and sharply raising housing provident fund loan limits. Since
implementation, Apr 30–Jun 2 online contract signings for new commodity homes
and resales were 5,035 and 6,191 units, up roughly 50% and 30% YoY, with volumes
and prices rising. Provident-fund loan applications since the measures totaled
4,404, covering 6.82 billion yuan; average loan size 1.55 million yuan, about
21% higher than before the measures, relieving household financing pressure.
