The CIH pointed out that entering May, the market continued to decline month-on-month, and the pace of sales promotion also declined significantly. In the first three weeks, the transaction area of new housing in the 50 key Chinese cities dropped by nearly 20% compared with the weekly average in April. 

It is expected that real estate companies will increase their efforts in sales promoting. In this context, whether real estate sales can recover will also determine the market confidence and market expectations.