Fuzhou city saw a fervent trend in property sales amid chilling weather.

A total of 11 housing projects were put on the market from Nov 24 to 30, setting a new record for most new property projects in a single week, fznews.com.cn reported on Nov 1 Monday.

The resurgent property market is basically due to new lending policies which help relieve financial burdens on both developers and home buyers, according to insiders.

Effective from Nov 22, the People's Bank of China cut the five-year benchmark lending rate by 40 basis points to 6.15 percent.

Currently, most banks in Fuzhou impose a housing rate about 5-10 percent higher than the benchmark rate on first-home buyers. Some of them have even announced in early Nov that they would levy the same loan rate as the benchmark interest rate.

There will be another 14 property projects on the market in Fuzhou in December, sources said.