Tsinghua University's Wu Jing: There are four positive signals in the real estate market in 2025.

The National Bureau of Statistics announced on January 19 the "report card" for the Chinese economy in 2025. Wu Jing, director of the Real Estate Research Center at Tsinghua University, stated on that day that in the short term, the overall real estate market in 2025 is showing a trend of stabilizing in fluctuations, with four positive signals worth noting. Firstly, based on the data from the first 11 months of 2025, the sales volume of new homes and second-hand homes has clearly stabilized after the merger, with even a small increase in some major cities compared to the previous year. Secondly, the differentiation between different cities and regions within cities has further increased, with signs of more activity in some high-quality land plots and core cities. Thirdly, control of incremental growth continues, with policies clearly indicating a control on supply growth, which is beneficial for the overall market recovery. Fourthly, there has been a certain degree of decrease in inventory.