一线城市相继调整楼市政策，折射行业新基调和市场新趋势

Core Viewpoint - Major cities like Beijing, Shanghai, and Shenzhen have adjusted housing market policies since August, primarily by relaxing purchase restrictions for local residents and non-residents, aiming to stabilize the housing market and attract more buyers [1][2][3] Policy Adjustments - Shenzhen has significantly narrowed the scope of purchase restrictions, allowing local residents to buy unlimited properties in non-restricted areas and easing conditions for non-residents who have paid social insurance or taxes for over a year [1][2] - The new policy in Shenzhen also removes restrictions on single individuals, allowing them to purchase properties under the same conditions as families, which marks a historic relaxation of previous rules [1][2] Market Conditions - The housing market in Shenzhen has faced a prolonged decline, with prices dropping approximately 40%-50% from peak levels over the past four years, and a recent 0.9% decrease noted in July [2][3] - The city has not ranked among the top 20 in land sales this year, indicating a significant drop in land supply and investment compared to other major cities [2] Economic Implications - The policy changes are expected to attract more external buyers, enhancing population concentration and economic stability in Shenzhen, which is crucial for the city's role in the Greater Bay Area [3] - The adjustments aim to stabilize the core cities' housing markets, which are vital for the overall economic cycle and resource exchange within urban areas [3]