Core Viewpoint - The article discusses the current state of the housing market in Hegang, a city known for its low property prices, highlighting a gradual increase in prices despite a general decline in the national housing market [4][10]. Group 1: Housing Market Trends - Hegang is currently recognized as having the lowest average housing prices in China, with an average price of 1,695 yuan per square meter in 2023, projected to rise to 2,041 yuan by 2025, marking a 20.4% increase from 2023 [4][13]. - Despite a cooling interest from external buyers, local demand for housing remains strong, particularly for high-end properties, which have seen price increases [15][16]. Group 2: Buyer Behavior - The initial surge of interest from external buyers has diminished, with many potential buyers now showing less enthusiasm for Hegang properties, leading to a more stable market [5][9]. - Local buyers, often with stable incomes from public service or business, are increasingly driving the market, particularly for higher-quality new developments [15][16]. Group 3: Price Dynamics - The average price of second-hand homes in Hegang has also seen a slight increase, with a reported 3.08% rise year-on-year, indicating a stable market environment [14]. - High-end properties in Hegang are becoming increasingly scarce, leading to higher prices, with some new developments reaching around 5,000 yuan per square meter [15][16].