Core Insights - The implementation of the "Shanghai Six Policies" has significantly boosted the housing market activity in Shanghai, leading to increased transaction volumes in both new and second-hand housing sectors during September [1][5]. Group 1: Market Activity - The "golden September" period has seen a peak in property viewings and consultations, with real estate agents actively engaging with potential buyers [1]. - In September, the total transaction volume for first and second-hand housing reached 2.07 million square meters, representing an 8% month-on-month increase and a 24% year-on-year increase [1][3]. Group 2: New Housing Market - The number of new housing projects launched in September was 43, with an average subscription rate of 0.75, up from 0.71 earlier in the year [3]. - The daily average transaction area for new housing projects increased by 33% compared to August, with a total of 550,000 square meters sold in September, marking a 28% month-on-month increase and a 14% year-on-year increase [3]. Group 3: Second-Hand Housing Market - The average daily transaction volume for second-hand housing showed a weekly increase, with September weekends averaging 891 transactions per day, a 22% increase from August [4]. - The total number of second-hand housing transactions in September was 18,000, reflecting a 3% month-on-month increase and a 27% year-on-year increase [4]. Group 4: Outer Ring Market Dynamics - The outer ring market has seen a notable increase in activity, with daily average transactions for new housing projects rising by 40% compared to August [5]. - Second-hand housing transactions in the outer ring accounted for 57% of the total market, with a 6% month-on-month increase and a 34% year-on-year increase [5].

Core Insights - The Shanghai real estate market continues to show a positive trend during the May Day holiday, with transaction volume increasing by 36% year-on-year [1] Group 1: Market Performance - The transaction volume of new homes in Shanghai increased by 12% during the five-day holiday compared to the previous year [1] - A total of 9 new projects were successfully subscribed during the holiday, indicating strong market interest [1] Group 2: Project Subscription Rates - Notable projects with high subscription rates include: - Chaoming Yueting project in Xuhui with 160 units and a subscription rate of 1.6 [1] - Shenlong Mingdi project in Minhang with 224 units and a subscription rate of 1.32 [1] - Feiyun Mingting project in Pudong with 160 units and a subscription rate of 3.18 [1] - Haihua Zhiyuan Ting project in Pudong with 82 units and a subscription rate of 2.51 [1]