Core Insights - The new policy in Shenzhen has effectively stimulated the real estate market, leading to a significant increase in both second-hand and new home transactions [1][9]. Group 1: Second-hand Housing Market - The transaction volume of second-hand homes reached 1,347 units in the week of September 1-7, marking an 8.2% increase compared to the previous week [1]. - The first weekend after the new policy (September 7-8) saw a 37% surge in transaction volume compared to the previous weekend, indicating a direct impact of the policy [1][5]. - The new listings for second-hand homes increased by 15.6%, reaching a three-month high, reflecting enhanced owner confidence [7]. Group 2: New Housing Market - New home registrations rose to 359 units, a 35.5% increase week-on-week, with Bao'an District leading with 108 registrations [4]. - The overall increase in new home registrations varied by district, with some areas benefiting from supply increases or location advantages [4]. Group 3: Market Sentiment and Price Expectations - The market sentiment is stabilizing, with a notable increase in owner confidence and a rational pricing structure, where 22.8% of listings saw price increases while 83.9% saw price reductions [7]. - The overall market is moving towards a "volume increase and price stability" cycle, supported by the new policy's ongoing effects [9].