Citic Sec research reports believe that since October, the real estate fundamentals have shown significant improvement, but the divergence in enterprise sales performance is also widening. With the common push of demand-side and supply-side policies, it is expected that the real estate market's stabilization and recovery trend will continue to materialize. It is anticipated that leading central state-owned enterprises with good credit will be able to significantly optimize asset quality by supplementing land reserves in a relatively short period of time, achieving a positive cycle of sales and land acquisition.