Optimizing the "old-for-new" housing policy in many areas to improve the effectiveness of replacement, it is expected that various regions will further increase their efforts in the future.
Currently, the "old for new" housing policy has been implemented in multiple cities. Local governments are also increasing the effectiveness of replacement by providing housing subsidies to residents participating in the program and offering interest subsidies to acquiring parties. Most experts interviewed believe that the "old for new" policy is beneficial in connecting the new housing and second-hand housing transactions, and has a certain stimulating effect on the real estate market activity. Currently, the effects of the policy are becoming apparent in some cities, and it is expected that various regions will further increase their efforts in promoting the policy. Zhang Bo, the director of the 58 Anjuke Research Institute, stated that in terms of policy effectiveness, in cities like Hangzhou and Nanjing, there has been a significant increase in the number of second-hand houses listed online in the short term after the implementation of the policy, and the number of offline viewings has also increased concurrently. The proportion of replacement clients in new home transactions has also increased.
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