According to a research report issued by Huatai Securities, the real estate market has exhibited signs of stabilization this year, marked by the gradual manifestation of policy effects. Urban village renovation projects and financial support measures are progressing smoothly. The market landscape is characterized by differentiation, with new home sales exhibiting a modest recovery. The second-hand housing market is fostering transactions through price adjustments, while the land market is gaining momentum as leading real estate companies intensify their focus on land acquisitions. The financial burden on homebuyers has reached a near 20-year low, a factor conducive to market stability. It is advisable to monitor opportunities in the commercial real estate and property management sectors, with a focus on investing in 'Three Good' real estate stocks and property management companies that demonstrate consistent performance. Additionally, investors should remain attentive to subsequent policy developments aimed at market stabilization.