On December 14, 2023, Beijing and Shanghai adjusted and optimized real estate policies. This led to a certain spike in transaction volume in Beijing's property market.
It also caused positive changes in Shanghai's real estate market. In 2024, macro policies will continue to work to stabilize the economy. The policy tone of “build first and then break” has also brought stronger optimization expectations to real estate Policies. There are currently close to 170,000 second-hand houses listed in Beijing. Looking at the overall situation, mid- to low-end houses are unsaleable.