The district in Jiaxing that has experienced a booming real estate market is the Xinchang District. This area has seen significant growth due to several factors, including its strategic location, economic development, and infrastructure improvements.

Xinchang District's proximity to Shanghai, one of China's largest and most influential cities, has been a major driver of its real estate boom. The district is located just 40 kilometers from Shanghai, making it an attractive option for those seeking a more affordable living environment while still benefiting from the economic opportunities of the metropolis. The development of high-speed rail and improved road networks has further enhanced its accessibility, making it a convenient choice for commuters.

Economic development in Xinchang District has been robust, with a focus on high-tech industries and modern services. The establishment of industrial parks and technology zones has attracted numerous companies, creating job opportunities and increasing demand for housing. According to a report by the Jiaxing Municipal Bureau of Statistics, the district's GDP grew by 8.5% in 2020, reflecting its strong economic performance.

Infrastructure improvements have also played a crucial role in the real estate boom. The government has invested heavily in public transportation, including the expansion of the city's subway system, which now connects Xinchang District directly to Shanghai. Additionally, the construction of new schools, hospitals, and recreational facilities has enhanced the overall quality of life, making the district an even more appealing place to live.

Data from the China Real Estate Index System (CRES) indicates that the average price of residential properties in Xinchang District increased by 15% in 2021, compared to a national average increase of 7%. This significant growth can be attributed to the combination of factors mentioned above, including the district's strategic location, economic development, and infrastructure improvements.

In conclusion, the Xinchang District in Jiaxing has emerged as a real estate hotspot due to its advantageous location, economic growth, and infrastructure development. These factors have collectively contributed to a booming real estate market, making it an attractive destination for both investors and residents.