A total of 13,62 million square metres of land, with a nationwide focus of 50 new urban areas in may 2026, and a full parity in the size of the “yen spring” in march. Following the upswing of the city in march-april in the previous year, the trade in may usually declined by more than 15 per cent, and the heat fell naturally. Not only did it not cool down this year, but new houses in the first-line cities grew by 11 per cent, breaking the seasonal pattern that had lasted for many years。
1. 3 million in interest differentials. It's the core of the direct entry. Because
The combination of the untying policy around this round is free and all relief goes directly to the buyer's wallet。
In guangzhou, the total cost of housing purchased by households in need increased from $2 million to $3. 6 million, from $13. 7 million to $10. 1 million per month, and the total interest rate decreased by approximately $1. 3 million over 30 years. The 1. 3 million equivalent to the total savings of 12 years for ordinary wage-earners was cut off for half of their lifetime。
Tianjin's initial loan has been reduced to a minimum of 15 per cent, 2 million recently needed homes have been purchased, the down payment has been reduced directly from 400,000 to 300,000, and the reduction of 100,000 is just as good as the full amount of a mainstream family walker. Shanghai reduced the length of social security coverage for non-household purchases from three years to one year, amounting to a direct liberalization of eligibility for housing for at least 2 million foreign workers in stable employment, which was immediately released from immediate needs that had previously been blocked by policy。
We'll cut it down to 22 days. Second-hand rooms will be opened up
Many did not notice that the beginning of the may heat wave was not a new house, but that the mobility of the second-hand room had been cut off。
On 10 may, 1664 sets of second-hand rooms were signed on a single-day basis in shanghai, with the latest five-year record, reducing the age-old transaction cycle from 62 days in 2025 to 22 days. The house, which used to last two months to sell, now has three weeks to get the full amount, and the liquidity has doubled。
In may, the second-hand room in priority 20 cities grew by 18 per cent each year, with a cumulative total of 76. 89 million square metres over the previous five months, representing an additional 8. 3 million square metres sold over the same period last year, representing an additional digestion of nearly 100,000 flats。
In shanghai, guangzhou and elsewhere, where small-house policies have been directly launched, the low gross prices that were previously unsuspected have been too low, and now the national team's genuine silver and silver-trails have been blocked for two to three years by the replacement chain of “selling old houses for new ones”。
36. 9 per cent increase in subscriptions, new room heat following replacement chain transfer
Following the opening of second-hand house mobility, improved demand is spilling over directly into the new house market, which continues to drive the new house to high levels。
In guangzhou, there was an increase of 36. 9 per cent in the number of bookings per week in may, compared to 11. 4 per cent in the number of web signings, and more than 60 per cent of the clients of many improved projects were replacement owners who had just sold their old houses. In the wuhanhong hills, a new demand project hosted 2,200 clients in the first five to three days. The number of registered clients in good faith has tripled and there are even queues outside the template。
In contrast to previous years, the share of new home deals in the first quarter of 2026 was more than 85 per cent in demand and improved house purchases, and investment speculation was less than 15 per cent, a decade low. In other words, the heat is not water for the tenants, it is supported by real housing needs and it has a very strong basic face。
After shenzhen's liberalization at the end of april, the number of second-hand house contracts increased by 114 per cent over the same period. Many new residents with residence permits went straight to the end of the year, and even “dai cds” appeared for quality projects in the core district。
From $7. 68 trillion in deposits to a 60 per cent increase in reserves, it took only a month to reverse confidence
In the first quarter of the year, the country's household deposits had increased by $7. 68 trillion, and everyone was saving their money to repay their loans in advance, and mortgages had grown negatively for 12 consecutive quarters。
Only a month later, the number of new homes in the five-a-one-long holiday-focused cities increased by 30-60 per cent on a year-on-year basis, with a direct reversal of market sentiment. The central reason behind this is that the policy did not flood the water, and there were at least 58 steady-building city new deals in cumulative land across the country between the end of april and may, 39 of which were equity fund withdrawals, down payment payments and home-purchase subsidies that directly benefited immediate needs。
Without space for renters, all policy dividends fall on the real buyers, and naturally break the observation cycle that has lasted for several years, allowing heat to skip the traditional “young spring” cycle, until may。
