Shenzhen Beike Research Institute monitoring shows real-time resale-housing signings rose 63% YoY during the National Day holiday; on a daily-average basis—comparing this year’s seven-day holiday with last year’s eight-day—daily signings were up 45% YoY. The institute said the Aug. 28 mortgage rule and the Sept. 29 purchase-loan interest-subsidy policy have jointly released policy support, prompting many buyers to consult, view and sign during the holiday and lifting Shenzhen property-market dem

Shenzhen Beike Research Institute monitoring shows real-time resale-housing signings rose 63% YoY during the National Day holiday; on a daily-average basis—comparing this year’s seven-day holiday with last year’s eight-day—daily signings were up 45% YoY. The institute said the Aug. 28 mortgage rule and the Sept. 29 purchase-loan interest-subsidy policy have jointly released policy support, prompting many buyers to consult, view and sign during the holiday and lifting Shenzhen property-market demand. It expects market activity to remain elevated, supporting demand into the traditional Silver Ten (October) season.