The combination of new policies and the short holiday period have driven the heat of the Shenzhen property market to rise, with a 62.5% increase in the number of online signed sales for commercial housing in just 6 days.

On April 29th, Shenzhen launched a new round of real estate optimization policies just before the "May Day" holiday, which quickly boosted the real estate market transactions as the new policy coincided with the long weekend. The initial effects of the policy are beginning to show. According to the Shenzhen Housing and Construction Bureau, from April 30th to May 5th, a total of 829 sets of commodity housing were signed online in the city, an increase of 62.5% compared to the same period last year. Looking at new housing data, there were 573 units of newly-built commodity residential properties subscribed, a year-on-year increase of 43.3%, and 492 units signed for sale, a year-on-year increase of 68.5%. In terms of second-hand housing, there were 337 units of second-hand residential properties signed online, representing a year-on-year increase of 54.6%.