Zheng Quan Shi Bao Wang·2024-12-31 00:31Core Viewpoint - The report from CITIC Securities indicates that 2025 will be a pivotal year for the real estate industry, marking a period of stability and sustainable growth [1] Group 1: Market Trends - Housing sales are expected to stabilize, with core city property prices gently recovering after significant declines [1] - Land transactions are showing signs of improvement after dropping over 50% from their peak [1] Group 2: Financial Health - The operational cash flow of companies in the real estate sector is anticipated to improve [1] Group 3: Market Differentiation - There will be greater differentiation among cities, entities, and property types, with core cities, quality entities, and well-managed properties likely to attract market interest in a low-interest-rate environment [1]