Six Shanghai government departments have jointly issued the Notice on Optimizing the City's Real Estate Policy Measures, effective from August 21, 2026. The notice includes eight policy measures across five areas: optimizing housing provident fund withdrawals, optimizing personal housing credit, implementing trade-in home purchase subsidies, promoting housing voucher resettlement, and advancing the acquisition of second-hand homes. Among them, the minimum down payment ratio for second-home loans on properties outside the Outer Ring Road has been adjusted from no less than 20 percent to no less than 15 percent, while the minimum down payment ratio for first-home loans is uniformly set at no less than 15 percent. In addition, resident households that purchase new commercial housing outside the Outer Ring Road and sell their second-hand homes will receive a home purchase subsidy of up to 80,000 yuan. Affected by this news, Shanghai Chengtou Holding hit its daily limit up just two seconds after the afternoon session opened, with its share price at 4.16 yuan per share and a latest market value of 10.366 billion yuan.
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