1. Mortgage rates at some banks have dropped to the "2%" range. 2. Shenzhen's secondhand luxury home sales in July increased by 11% year-on-year, reaching a near 6-year peak. 3. Housing consumption has become the top priority among major consumer p

2026-08-07

1. Mortgage rates at some banks have dropped to the "2%" range. 2. Shenzhen's secondhand luxury home sales in July increased by 11% year-on-year, reaching a near 6-year peak. 3. Housing consumption has become the top priority among major consumer purchases, and several hot cities are studying measures to boost housing consumption. 4. Poly Real Estate's contracted sales amounted to 26.2 billion yuan from January to July 2026. 5. China Overseas' sales amounted to 149.47 billion yuan in the first seven months of 2026, a year-on-year increase of 13.2%. 6. Hangzhou's housing rental whitelist included 49 companies in the second quarter, with 7 new additions and 2 removals. 7. A 33.3-acre plot of land in Qianjiang Century City, Xiaoshan District, Hangzhou, was converted from commercial to residential use, reducing the plot ratio to 2.5. 8. Hong Kong's private housing completions in the first half of the year totaled 7,914 units, a year-on-year decrease of 21%, but a sharp increase of 3.4 times in June alone. 9. Hong Kong Lands Department: 2,246 new applications for pre-sale apartments were submitted in July, bringing the total number of pending approvals to a 21-month high. 10. Freddie Mac: The US 30-year mortgage rate rose to 6.69%, a one-year high.