The new policy stimulates the Shenzhen real estate market

Starting from April 1st, the Shenzhen housing provident fund will implement a new policy allowing individuals to voluntarily increase their contribution rate to 12%, further lowering the threshold for home purchases. The new policy coincides with the Qingming holiday, and the viewing enthusiasm in Shenzhen's second-hand housing market remains strong. Multiple real estate agencies have reported an increased willingness among first-time buyers to enter the market, with transaction cycles noticeably shortening. Meanwhile, after experiencing a "mini-spring" market in March, some homeowners have shown a tendency to hold back on selling, leading to a slight decline in the number of listings and a narrowing of bargaining space compared to the previous month. According to monitoring by the Shenzhen Beike Research Institute, during the Qingming holiday (April 4th to 6th), the number of second-hand housing contracts signed at Beike's Shenzhen partner stores increased by 33% year-on-year, while new home subscriptions rose by 26% year-on-year. Data from the LeYouJia Research Center shows that during the Qingming holiday in 2026, both first-hand and second-hand contract volumes at LeYouJia stores in Shenzhen reached the highest levels for the same period in six years since 2021, with first-hand contract volumes increasing by 55% year-on-year and second-hand contract volumes increasing by 28% year-on-year. (CCTV Finance)