Shenzhen’s property-policy package marked one month. On April 29 the city eased
purchase limits by district and raised housing provident fund loan caps.
Industry watchers say May normally cools after a March–April spring uptick, but
Shenzhen diverged this year. Beike Research Institute monitoring through May 27
shows May new-home residential transactions at 3,970 units (+51% YoY), resale
transactions at 5,006 units (+21% YoY) and combined residential transactions at
8,976 units (+33% YoY).