Fengxian District deeply implements the requirement of real estate regulation and “implementing policies according to the city”，speeds up the establishment of housing security system “multi-subject supply，multi-channel guarantee and simultaneous rent and purchase”，adheres to the orientation of “houses are for living，not for speculation”，adheres to the “two are not expedient measures”，and achieves the goal of overall stable real estate market in the first three quarters of 2019. On August 6，2019，“China （Shanghai） Free Trade Pilot Area Lingang New Area Overall Plan” is announced，which is that the Lingang New Area compared with the previous free trade zone reform plan focuses more on investment freedom，trade freedom，capital freedom，transport freedom，personnel freedom of employment and so on. The housing purchase qualification is adjusted and relaxed. With the continuous introduction of the new port-vicinity zone policy，more excellent high-tech enterprises and foreign-funded enterprises will be stationed in the future，attracting more outstanding talents. It will not only promote the construction and development of Fengxian，but also increases the volume of real estate transactions. In the third quarter of 2019，with the central bank releasing the new pricing mechanism of loan interest rate （LPR） and the moderate tightening of housing-related credit，Fengxian real estate market will increase in some areas in 2019-2020 due to the planned landing of the new area of Shanghai Free Trade Zone，but the impact on the overall tightened real estate market is limited.