China's policies to stabilize the real estate market downtrend are continuously working, and the real estate market developed steadily as a whole in May, Fu Linghui, spokesperson for the National Bureau of Statistics (NBS), commented. However, it should be noted that the real estate market is still in the correction process, market confidence is still being restored, and the supply and demand relationship needs improvement, he said, adding more efforts are needed to stabilize the real estate market.Related NewsCLSA Lifts SEAZEN (01030.HK) TP to $2.92, Keeps Rating at OutperformIn the next phase, it is essential to actively adapt to the major changes in the supply and demand relationship of the real estate market, continuously promote urban renewal and renovation of old and dangerous buildings, and increase the supply of "good houses". It is also necessary to facilitate the release of rigid and improved housing demand, actively construct a new model for real estate development, and promote the stable and healthy development of the real estate market.