When will the property market bottom out and rebound? Where does the real estate industry go from here?

Nearly two months around the relaxation of regulatory policies, the central government also stressed that "to protect the delivery of buildings, stabilize people's livelihood", Hong Kong enterprises began to mainland "bottom" ...... However, from the performance point of view, the first half of 2022 The real estate line is still a miserable, the tide of lightning, the tide of rotten, the tide of loan suspensions three tides together, the disclosure of the half-yearly report of real estate enterprises in the net profit fell year-on-year accounted for nearly 80%, some of the original in the safety line of the head of the real estate enterprises and the performance of the central government enterprises also fell into the doldrums. "Live" has become the real picture of the real estate industry.

The development of the home market and the real estate market is closely related to the direction. The property market will bottom out and rebound? Is the continued clearing or stop the fall back up? How the end of the storm housing enterprises? The future of real estate where to go? ...... We have compiled a list of public speeches from **relevant departments, representatives of real estate companies, industry experts, etc. for industry reference.

Has this real estate cycle bottomed out?

Will it stop falling and rebound or continue to clear out

The real estate market shows a downward trend and is currently in the bottoming out phase overall.

-- National Bureau of Statistics State Information Office August 15 Information Conference

In the short term, the market has bottomed out, but the recovery is a slow and gentle process.

--Vanke Board Chairman Yu Liang 2022 Interim Results

The momentum of financialization of real estate bubble has been fundamentally reversed.

--Guo Shuqing, Chairman of CBRC

Can thundering real estate companies still rise from the dead?

For real estate companies to bail out, M&A follows the logic of saving the owners not the project, saving the project not the company, saving the company not the boss.

--Minsheng Bank Venture Director Feng Lun

There is still a large number of people migrating from the countryside to the cities in the future, and as long as no low-level mistakes are made, the real estate market will not collapse.

-- ＊＊＊＊ member, former director of the Institute of Fiscal Science, Ministry of Finance

Jia Kang, founding director of the Huaxia Institute of New Supply Economics

Where does the real estate industry go from here?

The industry attributes have been converted, financial logic has been turned into industrial logic, and the era dividend has been turned into a management dividend.

--Chen Xiaotian, Chairman of Yihan Corporation

Under the guidance of "housing and housing without speculation", real estate will return to the original residence, and the real estate market will be characterized by de-financialization, manufacturing, extreme specialization, and functional livelihood, and the competition pattern will become more differentiated.

--Wu Dingjin, President of Strategic Research Institute of Poly Development Holdings

As real estate enters the era of stock, regional differentiation will become increasingly obvious, the industry faces reshuffling, and the transition of land finance to real estate tax is the general trend. It is expected that nearly 90% of real estate enterprises will be eliminated or merged in the future.

-Economist Ren Zeping

The stock of real estate industry is huge, and new technologies, new tools and new lifestyle changes will bring huge market opportunities, and private enterprises will play a very important role in these aspects.

--Wang Shi, Founder of Vanke Group and Co-Chairman of UWM

Housing is a consumer product rather than an investment product, and secondly, we have to realize where the demand for consumption is. The migration of population will give rise to migratory demand. In the next stage, we can think about the combination and complementarity of large, medium and small cities in urban clusters, which is the second half of our urbanization process.