On December 5, the Chinese Academy of Social Science (CASS) issued its Chinese Housing Development Report for 2017-2018, stating that China’s real estate industry should remain stable next year if there is no major policy adjustment.
At the same time, the CASS report stated, "This short period of pick-up in the real estate market is drawing to a close. A new period of correction and cooling will be seen next year."
The report also indicated that the sales value of commercial residential buildings will decline significantly, and housing inventory will decrease further, though at a slower pace. In addition, the trend of slower house price growth is expected to continue.