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flag Shanghai adjusts property policies to improve housing accessibility and stimulate the real estate market, effective October 1.

flag Shanghai is updating its property policies to boost housing accessibility. flag Starting October 1, non-local homebuyers' required tax payment threshold decreases from five to three years. flag Additionally, first-time buyers will face a 15% down payment, down from 20%, while second-time buyers will need 25%, reduced from 30%. flag These changes are intended to increase housing affordability and invigorate the stagnant real estate market as property prices continue to fall. flag The adjustments align with broader efforts by major Chinese cities to revive the struggling property sector and support economic growth.

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