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liu aihua's speech pointed out that although the real estate market is still in the adjustment stage, the decline of some key indicators has narrowed, showing that policy measures are taking effect. here are some detailed data and observations:

1. real estate development investment: real estate development investment fell by 10.2% from january to august 2024, the same as the decline in the first seven months, indicating that the deceleration of real estate development investment remained stable.

2. commercial housing sales area：the sales area of ​​commercial housing decreased by 18%, but the decline was 0.6 percentage points narrower than the previous period. this shows that although the sales area decreased, the decline is gradually decreasing.

3. commercial housing sales：sales fell by 23.6%, a decrease of 0.7 percentage points, indicating that the decline in sales is decreasing.

4. new housing construction area：the newly started area decreased by 22.5%, and the decline narrowed by 0.7 percentage points, which means that the reduction in newly started projects is also slowing down.

market outlook：

• urbanization process：china's urbanization process continues to advance, which provides long-term development potential and space for the real estate market.

• new real estate model：the real estate market is accelerating the construction of a new development model, which may bring more opportunities and challenges.

• policy implementation: we must adhere to the policy of taking measures based on the city, implement policies according to local conditions, and speed up the implementation of policies to promote the stable development of the real estate market.

in general, although the real estate market is still adjusting, the positive role of policies and the urbanization process provide support for the future development of the market. in the future, it is necessary to continue to promote the implementation of policies to achieve a stable and healthy development of the market and better meet the housing needs of the people.