One month after the new real estate policies in Shanghai: Positive changes in the new and second-hand housing markets.

The response of second-hand housing to this round of policy adjustments is more direct, and the market has shown a certain degree of recovery in advance, with the dominant feature of first-time homebuyers being significant. Cao Jingjing, general manager of the Index Research Department of the China Real Estate Index Institute, told Securities Daily reporters that from the perspective of total price characteristics, low-priced housing transactions have increased significantly, highlighting the cost-effectiveness after price adjustments. With the release of policy benefits, the purchasing power of first-time homebuyers who were previously in a wait-and-see attitude has increased, driving the increased volume of transactions for low-priced housing.