Core Viewpoint - The Chinese real estate market is undergoing a fundamental transformation, shifting from a high-growth era to a new development phase centered on residential attributes, driven by government intervention and changes in buyer behavior [1][10]. Policy Shift - The focus of real estate policies has transitioned from stimulating home purchases to direct government intervention, including the acquisition of existing properties to convert them into affordable housing [2][4]. - The central economic work conference in 2025 highlighted the strategy of purchasing existing homes to alleviate inventory pressure for developers while enhancing housing security for citizens [2][4]. Industry Upgrade - The adoption of prefabricated construction methods is set to revolutionize the real estate sector, with Guangzhou leading the way by mandating 100% use of this method for residential projects [5][6]. - Prefabricated buildings improve construction efficiency by 30-50%, significantly reduce waste by 91%, and enhance the quality of housing, aligning with environmental goals [5][6]. Market Return - The market is shifting from speculative buying to a value-driven approach, with buyers now prioritizing practical living needs over investment potential [7][8]. - Key factors influencing purchasing decisions include location, established amenities, and property management quality, with urban areas showing resilience compared to suburban regions [8]. New Purchasing Strategies - Buyers with genuine housing needs are encouraged to adopt a rational approach, focusing on core urban areas and established properties to mitigate risks associated with speculative investments [9]. - The emphasis is on viewing residential properties as stable assets rather than investment vehicles, with a focus on comfort, asset resilience, and liquidity [9].