Xu Yuejin, deputy director of research at the China Index Research Institute, pointed out that at the national level, residents' willingness to buy homes has recovered, and the cumulative year-on-year decline in sales and sales area of newly built commercial housing continued to narrow from January to September. At the level of key cities, market sentiment improved markedly after the introduction of support policies at the end of September, and market popularity in core cities increased significantly during the National Day holiday compared to before the holiday season. According to monitoring by the China Index Research Institute, the average number of subscriptions for most core city research projects during the National Day holiday exceeded the full month of September. Judging from online signing data, in the week after the National Day, the sales area of newly built commercial residential homes in Shanghai, Guangzhou, Shenzhen, and Hangzhou increased by 5.6%, 32.9%, 57.4%, and 117.8%, respectively. Xu Yuejin believes that at present, the core city market is clearly “stabilizing”, and residents' confidence in buying property has recovered. It is expected that the new policy will continue to show results in the short term. The October market sales data may increase significantly. The implementation of the “package” supporting policies for real estate in the fourth quarter will accelerate, and the core city market volume and price may stabilize, thus providing important support for the national market to bottom up, and the year-on-year decline in new home sales across the country will continue to narrow.

Xu Yuejin, deputy director of research at the China Index Research Institute, pointed out that at the national level, residents' willingness to buy homes has recovered, and the cumulative year-on-year decline in sales and sales area of newly built commercial housing continued to narrow from January to September. At the level of key cities, market sentiment improved markedly after the introduction of support policies at the end of September, and market popularity in core cities increased significantly during the National Day holiday compared to before the holiday season. According to monitoring by the China Index Research Institute, the average number of subscriptions for most core city research projects during the National Day holiday exceeded the full month of September. Judging from online signing data, in the week after the National Day, the sales area of newly built commercial residential homes in Shanghai, Guangzhou, Shenzhen, and Hangzhou increased by 5.6%, 32.9%, 57.4%, and 117.8%, respectively. Xu Yuejin believes that at present, the core city market is clearly “stabilizing”, and residents' confidence in buying property has recovered. It is expected that the new policy will continue to show results in the short term. The October market sales data may increase significantly. The implementation of the “package” supporting policies for real estate in the fourth quarter will accelerate, and the core city market volume and price may stabilize, thus providing important support for the national market to bottom up, and the year-on-year decline in new home sales across the country will continue to narrow.