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<Research>UBS: SH's Easing of Property Mkt Measures w/ Significant Reduction in Social Security Threshold Expected to Have Limited Stimulation on Trading
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Shanghai announced a series of property easing policies, including shortening the social security payment requirement for non-local residents purchasing homes within the outer ring from three years to one year, and allowing non-local residents who have paid social security for three years to buy second home within the outer ring, UBS published a research report saying. Non-local residents holding a residence permit for five years can now buy one home citywide. UBS believed that this policy is similar to the measure in May 2024, where Shanghai shortened the social security requirement for non-local residents from five years to three years, and aligns with Beijing's direction in December 2025 to shorten the social security requirement for non-local residents purchasing homes within the 5th ring from three years to two years. However, based on historical experience, such policies have a short-term impact on share prices, with the market tending to speculate on the first day of the policy announcement and take profits soon. The broker expected the policy impact on the physical real estate market to be limited as well. AASTOCKS Financial News Website: www.aastocks.com |
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