Nanjing sees spike in home listings after easing restrictions

Video Player is loading.

Current TimeÂ 0:00

DurationÂ -:-

Loaded: 0%

Stream TypeÂ LIVE

Remaining TimeÂ 0:00

China

Nanjing sees spike in home listings after easing restrictions

2025-04-03 15:57 Last Updated At：16:37

Nanjing City in east China's Jiangsu Province has seen a surge in housing listings after easing commodity housing restrictions on Monday, as part of broader efforts to revitalize the local property market.

Under the revised rule, commodity housing units can be listed for sale immediately after the owner obtains a real estate registration certificate. As a result, homeowners have rushed to put their properties on the market.

A local real estate agency has noted a surge in property listings entering the system. Though information such as price, area, and location is available currently, photos of housing details have yet to be taken and uploaded.

"Basically, there are relatively more listings in districts like Jiangning, Qixia, and Pukou, while the number of listings in the downtown area is comparatively lower. Taxes and fees still apply; it's just that sales restrictions have been lifted," said Ye Xiaochao, a staff member from a housing agency in Nanjing City.

According to data from a local real estate agency, the city saw 3,114 new listings on Monday, compared to the usual daily average of around 850.

Industry experts believe that in the long run, lifting sales restrictions will enhance market liquidity and activity, contributing to more stable housing price expectations. At the same time, Nanjing has announced an expanded scope for housing provident funds, allowing eligible parents and children of homebuyers to apply their accounts toward financing a property purchase.

This expanded policy for withdrawing housing provident funds to cover a home's down payment now includes the buyer's parents and children, extending eligibility beyond just the homebuyer and spouse.

When purchasing a property, priority is given to withdrawing funds from the accounts of the buyer and spouse. If the combined balances in both accounts are insufficient, the buyer's parents' or children's account balances can then be utilized.

Israeli strike kills over 30 in eastern Gaza neighborhood

2025-04-10 19:59 Last Updated At：20:07

A major Israeli air strike on the Shejaiya neighborhood in the east of Gaza City Wednesday has left at least 30 people dead, with dozens injured or missing under the rubble.

Shejaiya is one of the most densely populated neighborhoods of Gaza City. In one alley about eight homes have been reportedly hit and massively destroyed.

Resident Hussam Abu Sakran was trapped under rubbles after the attack. While he was later rescued, his mother did not survive the bombing.

"My mother was beside me. After the strike, I saw her torn apart. She was gone, just like that. How can I live without her? I don't know what to do. I don't know how I'll go on," he said.

The local rescue efforts were challenged by limited resources as they sifted through rubbles.

"Our crew are using the simplest tools, just hammers and bare hands to reach those trapped. We have no proper equipment. The number of the dead and injured is overwhelming, but we're doing everything we can to get them out and to the hospitals," said Ibrahim Abu Al-Rish, a Civil Defense staff member.

The Shejaiya neighborhood borders Israel, and the Israeli forces have enhanced presence in the area over the past several weeks.