Li Yujia, chief researcher at the Guangdong Provincial Housing Policy Research Center, stated that the real estate market will begin to explore the bottom and hit the bottom in 2024. The year 2025 will be a critical period for stopping the decline and stabilizing, with the key being whether the policies deployed earlier can be implemented. First, strictly control the increase; second, activate existing land and housing resources; third, monetize the resettlement of urban villages; fourth, clear excess production capacity. These policies are all incremental policies and differ from traditional policies. If these incremental policies can be implemented, the trend of the market exploring the bottom and hitting the bottom will become more apparent in 2025. If policies are continuously implemented and new policies are introduced, showing the market the sincerity of the policies, it will enhance everyone's confidence in overcoming difficulties together, and the market's stabilization will be more solid. (Securities Times)