Longfor Group CEO says real estate is expected to stop falling and stabilize

"Since the second half of 2021, the real estate industry has been undergoing a deep adjustment for five years. During these five years, the construction and transaction volume of the entire new housing market have significantly declined, and the industry has undergone a significant adjustment." On March 27, Chen Xuping, Chairman and CEO of Longfor Group, stated at the 2025 performance meeting. In his view, the current adjustment in the real estate industry is quite significant, coupled with the continuous release of favorable policies to stabilize the property market, it is expected that the overall market decline will narrow significantly this year and achieve a "bottoming out." In the first quarter of this year, the transaction volume of second-hand houses in hot cities has stabilized, and sales of high-end products in prime locations in the new housing market have also increased. "The recovery of second-hand house transactions will gradually lead to replacement demand for new homes, and the company is actively preparing product reserves," Chen Xuping said.