Shanghai's housing market experienced a significant surge in transactions and inquiries after new home purchase policies were implemented on August 25. This rebound highlights the immediate effectiveness of the measures in stimulating demand and market confidence.

• New home transactions in Shanghai surged over 35 percent week-on-week, with a total of 113,400 square meters sold between August 25 and 31.
• Yan Yuejin, research director at the E-House China R&D Institute, noted that visits to sales offices and brokerage outlets, along with inquiries, doubled following the policy release.
• The new policies allow local households and non-local residents with at least one year of tax or social insurance payments to purchase any number of homes outside the Outer Ring Road, easing previous restrictions and optimizing housing fund and credit policies.