Judging from the early market base, the coverage of policy dividends is considerable. According to data from the Hangzhou Shell Research Institute, from January to August of this year, about 33.1% of second-hand homes sold through intermediary channels in the ten districts of Hangzhou met the interest rate discount application requirements. For every three second-hand housing units sold, one unit can enjoy policy dividends. As early as September, before the implementation of the New Deal, the second-hand housing market in Hangzhou had already ushered in an upward trend in transactions. According to the data, Hangzhou sold 6,746 second-hand housing units in September, a record high for the same period in the past six years. Judging from the transaction structure, newly needed properties within 2 million yuan and newly renovated properties within 3 million yuan became the main players in transactions, accounting for nearly 80% of total transactions. Buyers prefer sub-new neighborhoods along the subway line with mature facilities; the listing cycle for old, small, poor apartment types, and poor supporting facilities is lengthening, and there is more room for price reduction. The maximum term of a mortgage has been extended to 40 years, combined with the interest rate discount policy for home purchases implemented on National Day to continue to release immediate demand and replacement demand. During Golden Week, the popularity of major intermediary stores increased month-on-month compared to late September.

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