Unprecedented measures for stabilizing the real estate market. Does this mean there’s been a turning point in the market?

Shanghai, Shenzhen and Guangzhou have lowered down payment and mortgage interest rates for purchasing a house. Shenyang, Xi’an and Hangzhou have lifted restrictions for buying a home. The central bank has established a 300-billion-yuan relending facility to support government-subsidized housing projects. It’s overwhelming! But, that’s fine. In just two minutes we will take you through these great changes in the real estate market.