CSC comments on the 2024 annual and December Company Business Data for real estate companies: In 2024, the transaction volume of new homes in key cities decreased by 19.6% year-on-year, while the transaction volume of second-hand homes increased by 12.0%. Since the fourth quarter, the tail effect of new and second-hand home transactions has been significant, with year-on-year increases in December of 28.7% and 75.3%. Since the fourth quarter of last year, supply and demand have been addressed from both ends, and signs of stabilization have begun to appear in the Industry. There is a continued Bullish outlook for high-performing real estate companies with a focus on high-level cities, along with recommendations for transforming real estate companies and high-quality Commercial Property symbols.