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<Research>Daiwa: Shanghai's Easing of Non-Resident Home Purchase Thresholds Offers Temporary Stimulus; More Measures Expected Post-NPC Meeting
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Yesterday (25th), Shanghai promulgated the "seven-point notice" to support non-resident home purchases and optimize housing provident fund and property tax regulations, Daiwa recaptured in a research report. According to the new regulations, non-resident homebuyers who have paid social security or personal income tax for one year are now eligible to purchase homes in urban areas (i.e., within Shanghai's Outer Ring Road), a reduction from the previous requirement of three years. The broker believed that the latest easing measures aim to unleash the housing demand of the migrant population and open the door for them to purchase homes in core urban areas. This move should support the sales of first-hand residential properties to some extent, a sector that showed signs of slowing in 4Q25. However, as wealthy buyers residing outside Shanghai are still excluded and the purchasing power of beneficiaries is limited, Daiwa forecast any improvement to be temporary. The broker anticipated that more real estate measures will be introduced after the National People's Congress meeting in March. AASTOCKS Financial News Website: www.aastocks.com |
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