Li Yujia, chief researcher at the Guangdong Provincial Housing Policy Research Center, stated that the real estate market will begin to bottom out and reach a trough in 2024. 2025 will be a key period for stopping the decline and stabilizing, and the crucial factor is whether the previously deployed policies can be implemented. First, strictly control the increase; second, revitalizing existing land and housing stock; third, monetizing the resettlement of urban village transformations; fourth, clearing excess production capacity. These policies are all incremental policies and differ from traditional ones. If these incremental policies can be implemented, the trend of the market bottoming out and reaching a trough in 2025 will be more evident. If there is continuous implementation of policies and new policies are continuously introduced, showing the market the willingness of the policies, it will enhance everyone's confidence in overcoming difficulties together, making the stabilization of the market more solid. (Securities Times)