Shanghai, China's financial hub, has implemented a series of new measures to ease home-buying restrictions in an effort to support the country's prolonged property market crisis. Effective August 26, 2025, eligible residents, including those from outside Shanghai, can purchase an unlimited number of homes in the city's outer suburbs beyond the outer ring road. The city has also raised the individual housing provident fund loan limits and adjusted the pricing mechanism for commercial housing loan interest rates. Additionally, a temporary exemption from property tax for first-time homebuyers has been introduced. These policy changes follow similar moves by Beijing and aim to stimulate housing demand during the traditional "Golden September and Silver October" sales season. The announcement has led to a rally in Chinese real estate stocks, with China Vanke shares rising 8.1% to HK$5.59, reaching a six-month high, and Sunac China shares increasing by 8%. The market optimism is fueled by expectations of further stimulus measures, with speculation that Shenzhen may soon ease property curbs as well. Despite the positive market response, some analysts caution about liquidity-driven rallies in Chinese stocks amid ongoing debt concerns in the property sector.