Real Estate Sales Plunge 36%; Suzhou Implements “Buy a House, get a Hukou” Policy

With sales down for the first 5 months of 2024, an industry insider has said that second-hand housing transactions in Suzhou now exceed those of new housing. The “free hukou” policy is to enter effect on 1 August and last until 31 July, 2027. Full story (in Chinese) via this link; read lots more of the latest news from Suzhou via this link.