Core Viewpoint - The new housing policy in Beijing, effective from August 9, aims to stimulate the real estate market by allowing eligible families to purchase multiple properties outside the Fifth Ring Road, thereby supporting market recovery and improving the balance between work and residence [1][4][8]. Group 1: Market Activity and Trends - Since the implementation of the new policy, there has been an increase in market activity, with a notable rise in consultation and viewing volumes in certain areas, and stable performance in new and second-hand housing contract signing data [1][8]. - In the first seven months of this year, over 80% of new residential sales and more than 50% of second-hand residential transactions in Beijing occurred outside the Fifth Ring Road [1][4]. Group 2: Impact of Public Fund Policy - The adjustment of the public fund policy has significantly increased the willingness of first-time homebuyers to purchase properties, with a reported 15% increase in online inquiries following the policy announcement [2][3]. - The new policy allows for a higher loan amount from the public fund, which can reduce monthly payments and total interest costs for buyers, thus making home purchases more affordable [2][3]. Group 3: Regional Market Dynamics - Areas outside the Fifth Ring Road, such as Tongzhou, have become the main focus for new home transactions, with the policy expected to positively impact the demand for improved housing options [4][6]. - Some developers have responded to the new policy by innovating their marketing strategies and offering promotional activities, leading to increased visitor numbers and sales in certain projects [6]. Group 4: Future Market Outlook - The residential market in Beijing is anticipated to see continued activity, with the new policy expected to enhance transaction volumes and maintain a stable price environment [7][8]. - The policy is part of a broader trend, with expectations that other cities like Shanghai and Shenzhen may follow suit in optimizing their housing policies and increasing public fund support [8].