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Guangzhou fully lifts home purchase limits, while Shanghai and Shenzhen introduce partial relaxations ahead of the National Day holiday, aiming to boost the property market. Days after China’s central bank announced a slew of measures to stabilize the property market, including cutting mortgage rates and lowering down payment requirements, three of the country’s biggest cities introduced new policies to further ease home buying. While Guangzhou, capital of southern Guangdong province, completely removed all home purchase limits, the economic hub of Shanghai and the tech metropolis of Shenzhen introduced partial relaxations including lowering down payments and easing purchase restrictions in certain districts. The new policies were announced late Sunday night, just ahead of the weeklong National Day holiday starting Oct. 1. Guangzhou’s changes take effect today, while Shanghai and Shenzhen will follow tomorrow. Industry insiders told the Shanghai-based news outlet The Paper that t
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