The establishment of the Xiong'an New Area has been an important decision for China to remove noncapital functions. This paper will use the Xiong'an New Area policy as a quasi-natural experiment and will use the synthetic control and difference-in-difference (DID) methods to study the influence of the establishment of the Xiong'an New Area on the quantity and prices in the new and secondhand housing markets in Beijing. This paper found that after the Xiong'an New Area was established, the overall quantity of new houses in Beijing decreased and ...
