Shanghai's outer ring has seen visits to real estate properties double, buyers are now considering purchasing a second property instead of simply exchanging their current one.

The new real estate policies in Shanghai will officially take effect starting today. Among a series of policy adjustments, the changes in policies for the outer ring areas have attracted widespread attention. Reporters visited new real estate developments in the outer ring areas such as Minhang and Songjiang in Shanghai and found that since the new policies were announced yesterday, the number of visitors and inquiries at the properties has significantly increased in a short period of time, and there were also direct transactions on the same day. Some homebuyers told reporters that they originally planned to exchange their first home, but with the policy relaxation, they can now directly purchase a second home. Data shows that so far this year, over 60% of new home transactions in Shanghai have been in the outer ring areas. Industry insiders believe that this targeted policy adjustment is likely to increase the popularity of the outer ring areas market and attract potential homebuyers to enter the market.