Beijing has lifted restrictions on home purchases outside its Fifth Ring Road as of August 9, 2025, allowing more residents to buy suburban properties. Families without local household registration but with at least two years of paid social insurance are now eligible to purchase homes in these areas. This policy adjustment aims to stimulate the suburban property market by increasing demand and enabling more buyers to qualify as first-home purchasers with access to favorable mortgage terms. Following the policy change, there was a notable surge in home viewings and sales in suburban areas during the first weekend. Additionally, Chinese authorities are considering measures to further support the property market by potentially requiring centrally owned state enterprises to buy unsold homes from financially distressed developers, signaling a broader effort to stabilize and boost the real estate sector.