Recently, in many places such as Dalian, Zhangjiakou, and Yancheng, various types of housing subsidies have been distributed and promotional activities organized to stimulate housing consumption, support residents' rigid and improvement housing needs, and promote the stabilization of the real estate market.

"During the process of stabilizing the market, housing subsidies are a common policy used by local governments." Researchers say that subsidy measures are attractive to buyers and can stimulate some demand.

In the past month, the policy combination to stabilize the real estate market and stop its decline has shown significant effectiveness.

In October, the national sales area of new homes increased for the first time after several consecutive months of decline. The total volume of transactions for new and existing homes exceeded the traditionally strong September market for the first time in 17 years. The progress of using inventory homes for indemnificatory apartments and monetizing the redevelopment of urban villages has accelerated, with many places setting up specialized teams and clarifying inventory rules.

Industry insiders believe that although there has been a structural positive change in the heat of the real estate market, the momentum of market recovery is not yet solid. The stable real estate policy still needs to be strengthened continuously. It is expected that existing policies will be implemented faster, and market expectations for new policies will emerge. Previous policy effects may be consolidated, and core urban housing markets are expected to stabilize in the fourth quarter, providing crucial support for the national market floor stabilization.

Institutions foresee that by 2025, attention should be paid to the continued progress of local policies, the scope for adjustment of mortgage rates, and the optimization of inventory policies. Additionally, the impact of the capital markets on the real estate market, the strong correlation between our country's stock market and real estate market, and the relatively leading nature of the stock market are expected to accelerate the industry's stabilization process. The concerted efforts of policies to boost confidence, with “housing prices” at the core, are expected to see improvement in the real estate fundamentals next year, further aiding the recovery of the real estate sector's valuation.

Real estate-related industry chain companies:

China Overseas Land & Investment Ltd (00688), C&D International Group Co., Ltd. (01908), Yuexiu Property Company Limited (00123), Greentown China Holdings Limited (03900), Sunac China Holdings Limited (01918), Longfor Group Holdings Limited (00960), Sino-Ocean Group Holding Limited (03377), China Vanke Co., Ltd. (02202), China Resources Land Limited (01109), and Agile Group Holdings Limited (00884).

Property management companies include China Resources MIXC (01209), Poly Property Services (06049), China Overseas Property Services (02669), and Midea Real Estate (03990).

Real estate intermediaries: Ke Holdings (02423), CG Services (06098)