May 1st Shanghai real estate market starts off lively: popular properties continuously triggering point system.

During this year's May Day holiday, several popular real estate projects in Shanghai have performed well. Projects such as Feiyun Yuefu and Xipai Haishang have successively triggered restrictions on sales and points-based systems, while projects like Greentown Chaoming Dongfang and Anjiashen Longyuan have also triggered sales restrictions. At the same time, after a batch of hot sales, popular projects have decisively seized the opportunity to launch a second round of sales. The Feiyun Yuefu project in the Xinyangsi area of Pudong New District, Shanghai, was one of the focal points of the real estate market during the May Day holiday. During the first round of sales, 228 units received 939 applications, with an average of nearly 64 points, setting a new record for the highest number of applications and points in Shanghai's new real estate market this year. After the project's first release on April 27, a second round of sales was quickly launched on April 29. Public information shows that the second round of sales for Feiyun Yuefu includes 160 units of high-rise units with an average size of approximately 120 square meters, priced at 10,740 RMB per square meter. As of 12 p.m. on May 3, the 160 units have received over 500 applications, with a subscription rate of 318%, once again triggering restrictions on sales and points-based systems.