Zheng Quan Shi Bao Wang·2025-09-10 00:21Core Viewpoint - The real estate industry is expected to remain in a bottoming phase in the first half of 2025, with overall performance and sales under pressure, but leading companies are showing resilience due to quality land reserves in core cities [1] Group 1: Industry Performance - The overall sales in the real estate sector are facing challenges, indicating a tough market environment [1] - Leading real estate companies are expected to outperform their peers due to lighter historical burdens and a higher proportion of land reserves in core cities [1] Group 2: Future Outlook - Companies with strong credit ratings, located in core cities, and offering quality products are likely to lead the recovery in both sales and profitability [1] - The recovery pace in core cities, particularly represented by first-tier cities, is viewed positively [1]