On October 18, the National Bureau of Statistics released data on the real estate market situation. Judging from the January-September data, the year-on-year decline in various indicators such as investment in real estate development, sales area and sales of new homes across the country, capital available to housing enterprises, and new housing construction area narrowed across the board. Among them, the year-on-year decline in real estate development investment has narrowed for the first time since this year. The decline in the country's new home sales area has narrowed for 4 consecutive months, and the decline in sales has narrowed for 5 consecutive months; the decline in funding available to housing enterprises has been narrowing for 6 consecutive months, and the decline in new housing construction area has narrowed for 7 consecutive months. At the “Operation of the National Economy in the First Three Quarters of 2024” press conference held on the same day, Sheng Laiyun, deputy director of the National Bureau of Statistics, said that the effects of policies related to real estate are gradually being unleashed and that real estate is moving in the direction of stopping falling and stabilizing. “With the introduction and implementation of a package of real estate policies, we are optimistic about the real estate market in the later stages”.

On October 18, the National Bureau of Statistics released data on the real estate market situation. Judging from the January-September data, the year-on-year decline in various indicators such as investment in real estate development, sales area and sales of new homes across the country, capital available to housing enterprises, and new housing construction area narrowed across the board. Among them, the year-on-year decline in real estate development investment has narrowed for the first time since this year. The decline in the country's new home sales area has narrowed for 4 consecutive months, and the decline in sales has narrowed for 5 consecutive months; the decline in funding available to housing enterprises has been narrowing for 6 consecutive months, and the decline in new housing construction area has narrowed for 7 consecutive months. At the “Operation of the National Economy in the First Three Quarters of 2024” press conference held on the same day, Sheng Laiyun, deputy director of the National Bureau of Statistics, said that the effects of policies related to real estate are gradually being unleashed and that real estate is moving in the direction of stopping falling and stabilizing. “With the introduction and implementation of a package of real estate policies, we are optimistic about the real estate market in the later stages”.