On September 29, CITIC Securities released a research report stating that when housing prices are in a reasonable position, the effect of boosting the demand side will be even more significant. Relevant policies have effectively reduced the burden on residents and effectively boosted market demand. Among them, immediate needs directly benefit, while demand for improvement benefits indirectly. Specifically, CITIC Securities said that buyers in need directly benefit during the buying stage, and houses with a total price of about 1.2 million yuan may enjoy interest payment discounts of up to about 50,000 yuan. Since the policy subsidizes both new and second-hand housing, although buyers with ameliorative needs may not be able to enjoy policy concessions when buying new homes, the houses they sell may meet interest rate discount requirements, thus increasing the possibility of stepwise improvements. While demand-side policies are working, existing housing sales reforms are also driving changes in the market. CITIC Securities believes that the reform of existing housing sales has greatly reduced delivery risks and limited future supply growth. Demand-boosting policies may also cause monthly payments to be significantly lower than rents, thus driving the real estate market from quantitative to qualitative change.

On September 29, CITIC Securities released a research report stating that when housing prices are in a reasonable position, the effect of boosting the demand side will be even more significant. Relevant policies have effectively reduced the burden on residents and effectively boosted market demand. Among them, immediate needs directly benefit, while demand for improvement benefits indirectly. Specifically, CITIC Securities said that buyers in need directly benefit during the buying stage, and houses with a total price of about 1.2 million yuan may enjoy interest payment discounts of up to about 50,000 yuan. Since the policy subsidizes both new and second-hand housing, although buyers with ameliorative needs may not be able to enjoy policy concessions when buying new homes, the houses they sell may meet interest rate discount requirements, thus increasing the possibility of stepwise improvements. While demand-side policies are working, existing housing sales reforms are also driving changes in the market. CITIC Securities believes that the reform of existing housing sales has greatly reduced delivery risks and limited future supply growth. Demand-boosting policies may also cause monthly payments to be significantly lower than rents, thus driving the real estate market from quantitative to qualitative change.