Housing sector could set new pricing trend

With the real estate market experiencing fluctuations this year, both the supply side and demand side, at different times, have indicated the realty market would cool down. And many are worried whether the cooling trend will continue next year.

The real estate market's performance has shown a "W-type" trend this year. In the first quarter of the year, the real estate sector experienced a downturn, and market expectations were relatively pessimistic. From the second quarter to August, the property market performed well, and it seemed the market was on the rebound.

But the recovery didn't last long. In September and October, the traditional "golden months" for housing sales, there was no rebound in real estate market transactions. Pessimistic sentiment spread again, and many local real estate developers launched discount promotion campaigns to sell their housing units. The pessimistic sentiment gradually started fading in November with the launch of direct and indirect stimulation policies. And although people, in general, believed the property market's downward tendency might not change, the degree of their pessimism was not as high as before.