Several cities in south China's Guangdong Province have recently introduced new property policies, boosting market activity during the May Day holiday that ended Tuesday.
In the tech hub of Shenzhen, the 2026 May Day Quality Housing Festival opened on May 1, bringing together more than 50 major developers and over 100 housing projects. Nearly 40,000 visitors attended the festival on the first day alone.
In the provincial capital city of Guangzhou, online registrations for resale homes have remained above 10,000 units for two consecutive months.
The municipal government has lately rolled out "eight measures" to stabilize the market by fostering both supply and demand.
The policies, including trade-in subsidies and increased limits on housing provident fund loans, are supporting both first-time buyers and those looking to upgrade, helping to inject fresh momentum into a stable and healthy property market.
"I believe that starting May, resale home transactions will remain active with the 'eight measures' in place and with many quality homes for sale in central and suburb Guangzhou. Supported by the policies, if market expectations are kept stable, I think the trend of people selling old homes to buy better ones will emerge in May," said Li Yujia, chief researcher of the Guangdong Provincial Housing Policy Research Center.
Homebuyer Meng Chunjie said she has already found the right abode.
"I came specifically to check out the homes, as I've been following this project for quite a while. I take advantage of the May Day holiday to come and learn more about it. After today's visit, I have found that the overall planning and its supporting facilities are very good. The quality also looks very thoughtful. I am really looking forward to make a home here," she said.
Guangdong unveils new policies to boost property market activity during May Day holiday
