Core Viewpoint - The issue of "delivery difficulties" in the real estate sector, which once caused market panic, is gradually becoming a thing of the past, with many real estate companies reporting significant progress in their delivery commitments for 2025 [2][3]. Group 1: Delivery Progress - As of the end of the "14th Five-Year Plan," approximately 7.5 million units of "sold but undelivered" housing have been successfully delivered nationwide, with Country Garden delivering about 1.85 million units [2][4]. - Greenland Holdings announced that it expects to deliver over 8 million square meters of residential projects in 2025, translating to around 80,000 units based on an average size of 100 square meters per unit [4]. - Sunac Group reported cumulative deliveries of over 720,000 units from 2022 to 2025, indicating that its delivery work is nearing completion [4][5]. Group 2: Industry Recovery - With the alleviation of delivery pressures, the real estate sector is entering a new phase of industry recovery [3][6]. - The national housing and urban-rural development meeting confirmed that the delivery tasks for 2025 have been fully completed, with a delivery rate of 99% for the 3.96 million units targeted in the "guaranteed delivery" campaign [7]. - The financial support for projects has exceeded 7 trillion yuan, facilitating smooth construction and delivery [7]. Group 3: Risk Mitigation - The past three years have seen a systematic risk mitigation effort, with coordinated actions from national, provincial, and municipal levels to ensure accountability among local governments, real estate companies, and financial institutions [8]. - The measures taken have significantly reduced buyer concerns about project delays, with many previously troubled projects now successfully delivered [9]. - Experts indicate that real estate risks have notably subsided, with a shift in focus for many companies towards debt resolution, asset management, and revitalizing their operational capabilities [11][12].