On September 1, the reporter learned from the Shanghai Housing Administration that since the implementation of the “Shanghai Eight Rules”, market feedback has been positive, trading activity has increased markedly, and policy effects have gradually become apparent, helping the market to get out of the off-season faster. Statistics show that in August, the total transaction area of first-hand and second-hand housing in Shanghai was 2.21 million square meters, an increase of 2% month-on-month and 15% year-on-year.

On September 1, the reporter learned from the Shanghai Housing Administration that since the implementation of the “Shanghai Eight Rules”, market feedback has been positive, trading activity has increased markedly, and policy effects have gradually become apparent, helping the market to get out of the off-season faster. Statistics show that in August, the total transaction area of first-hand and second-hand housing in Shanghai was 2.21 million square meters, an increase of 2% month-on-month and 15% year-on-year.