促进房地产止跌回稳还需要继续努力

Core Insights - The real estate market in China is showing signs of stabilization due to various policies aimed at promoting housing demand and addressing market fluctuations [1][2][3] Group 1: Market Performance - The sales decline in the real estate market has narrowed, with new residential sales area down by 4.7% year-on-year for the first eight months, a reduction of 13.3 percentage points compared to the same period last year [2] - The sales revenue of new residential properties decreased by 7.3%, which is a narrowing of 16.3 percentage points from the previous year [2] - Some first- and second-tier cities have experienced growth in new residential sales area and revenue [2] Group 2: Price Trends - The year-on-year decline in new residential prices has also narrowed, with first, second, and third-tier cities showing reductions of 0.2, 0.4, and 0.5 percentage points respectively in August [2] - The year-on-year decline in second- and third-tier cities' second-hand residential prices has decreased by 0.4 percentage points [2] Group 3: Financial and Inventory Improvements - The financial situation of real estate companies has improved, with funding for real estate development down by 8% year-on-year, a reduction of 12.2 percentage points compared to last year [3] - The inventory of unsold residential properties has decreased by 3.17 million square meters from July to August, marking six consecutive months of reduction [3] Group 4: Future Outlook - The recovery of the real estate market is expected to take time, and continued efforts are needed to promote stabilization [3] - Future strategies will focus on implementing central government policies, enhancing urban renewal, and increasing the supply of high-quality housing to better meet housing demands [3]