PDH(SH:600048) Di Yi Cai Jing·2025-09-02 07:21Core Viewpoint - The recent policy changes in Shanghai's real estate market, known as "沪六条," are expected to stabilize and improve the market, leading to increased transaction volumes and a potential recovery in major cities across China [1][10]. Policy Impact - The new policies have reduced housing purchase restrictions and enhanced the ability to withdraw housing provident funds, significantly lowering the barriers for homebuyers [2][8]. - Following the policy implementation, there has been a notable increase in project visitations, with some projects reporting a 50% rise in visitor numbers [2]. Market Response - Newly launched projects, such as those by Poly Developments, experienced strong sales, with one project achieving over 400 million yuan in sales on its opening day [3][5]. - The second-hand housing market also saw a resurgence, with over 1,100 units sold in a single day, marking a significant recovery after two months of lower activity [6]. Future Outlook - The upcoming months, traditionally known as "金九银十," are expected to see heightened market activity, driven by the recent policy changes and increased buyer confidence [7][10]. - Analysts predict that the new policies will lead to a sustained increase in transaction volumes, particularly in the outer ring areas of Shanghai, which have been under pressure [9]. Market Sentiment - The overall sentiment in the real estate market is optimistic, with expectations that the policy changes will activate demand and alleviate inventory pressures [9]. - Industry experts believe that the current market conditions will support a gradual recovery, positioning Shanghai as a leader in the revival of real estate markets in other major cities [10].