Core Insights - The phenomenon of real estate agents flocking to newly delivered residential complexes in Hangzhou has diminished, with some recently delivered properties experiencing very low transaction volumes, even as low as single digits for certain units [1][4]. Group 1: Market Dynamics - The initial success of certain new residential complexes, such as He Pin and Ya Yun Village, was driven by high market acceptance and a significant number of buyers willing to purchase second-hand properties [1][3]. - The recent decline in transaction volumes is attributed to a broader market downturn, where buyers are hesitant to make purchases despite concentrated marketing efforts by agents [1][4]. Group 2: Characteristics of Popular Properties - Popular new residential complexes share common traits, including large project sizes and a high number of investors eager to sell immediately after delivery, leading to a substantial influx of second-hand listings [3][6]. - The appeal of these properties is enhanced by their prime locations and the rapid turnover of new products in the market, making them more attractive compared to older developments [3][6]. Group 3: Impact of New Developments - The recent introduction of unlimited-priced new properties has significantly impacted the market for second-hand homes, as buyers are now comparing these new offerings with previously popular second-hand options [4][6]. - High-end projects with total prices around 15 million yuan are now available in the main urban area, leading buyers to shift their focus away from second-hand homes [6].