智通财经网·2025-04-18 00:15Core Viewpoint - The real estate market shows signs of stabilization with a slight decrease in sales area, indicating a need for further consolidation of this trend [1][2][11] Sales Performance - In March, the national sales area of commercial housing decreased by 0.9% year-on-year, a reduction of 4.2 percentage points compared to January-February, but still remains in negative territory [1][2] - The sales improvement is more pronounced in high-tier cities, with 40 cities reporting a 6% year-on-year increase in new home transaction area [2][11] - As of April 11, the transaction area in these 40 cities decreased by 4% year-on-year, indicating a weakening momentum compared to March [2] Investment and Construction - The real estate development investment in March fell by 10.0% year-on-year, with the decline slightly widening by 0.2 percentage points compared to January-February [11] - There is a notable improvement in construction enthusiasm among real estate companies, with new construction area in March decreasing by 18.1%, a significant narrowing of the decline by 11.5 percentage points compared to January-February [11] - The completion area in March also saw a year-on-year decrease of 11.5%, with a reduction in the decline by 4.1 percentage points compared to January-February [11] Policy and Market Outlook - The external pressures from global trade uncertainties have led to a long-term strategy of expanding domestic demand, with expectations for increased supportive policies in the real estate sector [17] - The ongoing push for policies aimed at stimulating domestic demand is anticipated to continue, with a recommendation for high-quality commercial real estate companies [17]