Shanghai's real estate market new policy is one month old, with a 19% increase in total volume of new home transactions compared to the previous month.

On August 25, Shanghai unveiled a new round of real estate market control policies. Zhang Wenjing, General Manager of Shanghai Data at the China Index Research Institute, stated that based on transaction data, the Shanghai new housing market immediately responded to the new policies in the first week, with a significant peak in online signing transactions and a week-on-week increase in transaction volume of over 30%. In the following three weeks, the market gradually returned to rationality, with transaction volume stabilizing, but overall still maintained at a relatively high level. Based on the data performance in the first month of the new policy implementation, the total volume of new housing transactions increased by 19% compared to the previous month, indicating that the policy had a significant stimulus effect on the market in the short term.