房地产市场去库存成效继续显现

Group 1 - The real estate market is showing signs of stabilization, with policies implemented to support housing demand and reduce price declines [1][2] - From January to August, the sales area of new commercial housing decreased by 4.7% year-on-year, a reduction of 13.3 percentage points compared to the same period last year [1] - The sales revenue of commercial housing fell by 7.3%, with a decrease of 16.3 percentage points compared to the previous year [1] Group 2 - Funding for real estate development has improved, with a year-on-year decrease of 8% in funds available to developers, but the decline is narrowing [2] - The inventory of commercial housing has decreased for six consecutive months, indicating a balance between supply and demand is improving [2] - Urbanization in China continues to progress, with a significant stock of existing housing, leading to an annual demand for approximately 7 million square meters of new construction [2] Group 3 - There is a growing demand for "good houses," as urban development shifts from rapid expansion to improving existing stock [3] - The risk for real estate companies is gradually decreasing, with progress in debt restructuring for companies facing financial difficulties [3] - Continued efforts are needed to promote high-quality urban renewal and increase the supply of high-quality housing to ensure stable development in the real estate market [3]