Core Viewpoint - China's real estate market is projected to experience a sharper decline in 2025, marking the fifth consecutive year of industry slump, with new home sales expected to drop by 8% from the previous year [1][2]. Group 1: Market Projections - Sales of new homes are anticipated to fall between 8.8 trillion yuan and 9 trillion yuan ($1.23 trillion to $1.26 trillion) in 2025 [1]. - This decline is significantly steeper than the previously predicted 3% drop made in May [2]. Group 2: Factors Influencing the Market - The primary reason for the negative outlook is the fragile sentiment among homebuyers, necessitating continued government support to restore confidence [3]. - Despite a call from Beijing in September 2024 to "halt" the real estate decline, the momentum for further political support appears to have slowed after some measures were introduced last year [3].