Chinese Construction News: Strengthening Efforts to Consolidate the Stable Trend of the Real Estate Market

China Construction News reported that the National Bureau of Statistics recently released the changes in the sales prices of commercial residential buildings in 70 large and medium-sized cities. The data shows that in May, the overall operation of the real estate market was stable, with the year-on-year decline in house prices in 70 large and medium-sized cities continuing to narrow, and the inventory of commercial houses continuing to decrease. The data also indicates that the current real estate market is still in the process of adjustment, market confidence is still being restored, market supply and demand relations still need to be improved, and efforts are still needed to promote the stabilization of the real estate market. Since the beginning of this year, with the accelerated implementation of various stable real estate policies, the real estate market continues to move towards stabilization after the decline. In the long run, the urbanization process in China is still advancing, and there is still ample room for development in the real estate market, with good prospects. We have confidence in the overall stable and healthy development of the real estate market. With further optimization and coordination of relevant financial and tax policies at the central level, as well as the precise implementation of policies at the local level to promote tailored measures, the real estate market will further consolidate its stable trend.