Core Insights - The new real estate policy in Shanghai has begun to show positive effects, with multiple new projects experiencing strong sales and a significant increase in second-hand property transactions [1][2] Group 1: New Policy Impact - The Shanghai government issued a comprehensive adjustment to real estate policies on August 25, 2025, targeting housing purchase limits, provident fund, housing credit, and housing tax [1] - Following the policy implementation, several popular new developments saw immediate sales success, with a project in Pudong selling all 80 units on the opening day, including 64 units sold in just 18 minutes, marking it as the second project in the country to exceed 10 billion yuan in sales this year [1] Group 2: Market Dynamics - The Poly Hongqiao and Song Phase III project in Qingpu also reported strong sales, with over 300 million yuan in sales on the opening day, attracting both new buyers and previous customers who had missed out on earlier opportunities [2] - The second-hand housing market in Shanghai has shown a notable recovery, with 1,103 transactions recorded on August 30, the highest daily figure since June 29, and a total of 19,002 second-hand properties sold in August [2]