1. Strong demand continues to support the housing market, with Shanghai's secondhand home sales reaching a near six-year high in October.
2. As of October 20th, 13.7 billion yuan in housing provident funds were withdrawn nationwide for home renovations, and 2.8 billion yuan was withdrawn for property management fees.
3. Detailed rules for the sale of commercial housing have been implemented in 20 cities, with many clarifying transitional arrangements for existing home sales and projects under construction.
4. Guangzhou plans to prohibit the bundling of residential land sales with land sales, and the government will repurchase resettlement housing transferred within five years.
5. Zhengzhou supports the withdrawal of housing provident funds for owner-occupied home renovations, with a maximum withdrawal of 150,000 yuan.
6. New regulations for housing provident fund withdrawals in Wuhan will take effect on November 20th, allowing monthly withdrawals for commercial loan repayments.
7. Shaoxing, Zhejiang, has implemented detailed rules for the sale of existing homes, prohibiting online registration of mortgaged properties until the mortgage is released.
8. Zhuhai plans to acquire idle land under Huafa Group for 181 million yuan.
9. The US 30-year fixed mortgage rate fell to 7.30%, and weekly mortgage applications decreased by 2% week-over-week.
10. In the Greater Toronto Area of Canada, 5,603 residential properties were sold in October, a seasonally adjusted increase of 1.2% month-over-month.
