Urban Express Foreclosed properties have become more and more popular in Hangzhou recently. Sold at high price for multiple times, they are now a “hotspot” in different fields. Many property owners also follow the trend to drive up the price. Hangzhou Administration of Housing Security and House Property Management issued a new policy on the morning of 3rd March to further regulate real estate market from four aspects, including purchase limitation to foreclosed property. This is the fourth new policy about real estate Hangzhou has issued in the past 9 months.