At the Fortune Global Forum in Abu Dhabi, Wang Shi, Honorary Chairman of Vanke's Board of Directors, made thought-provoking remarks: "What happened in Japan 30 years ago, is happening in China. "The godfather of China's real estate industry has an extremely pessimistic view of the current problems of China's real estate.
Wang Shi pointed out that the current problems in China's real estate industry have just begun, and there will be thunderstorms and debt defaults in the adjustment process. However, changes have already been seen at the policy level, and if adjusted properly, drawing on Japan's experience, he expects it to be able to adjust in 3-5 years. However, he cautioned against any expectation that it will be smooth sailing next year or the year after.
Such remarks undoubtedly poured cold water on those who are optimistic about the future of real estate. The real estate industry seems to have a long way to go before the arrival of spring. However, does this mean that the real estate market has fallen into an endless winter from which it cannot extricate itself?
In fact, we need to look at this issue from multiple angles. First of all, it is a question that needs to be observed whether the policy change can really lead the real estate market out of the predicament. Secondly, it is also unknown whether the buyers in the market will be willing to remain calm at this time. In addition, the economic conditions and population movements of each city can also have a significant impact on the real estate market.
However, we can't ignore another sentence from Wang Shi: "Adjust well". This may suggest that the real estate market may be turning around after a period of difficulty. Although it is difficult to specify the specific time and method, we have reason to believe that the real estate market is undergoing profound changes, and perhaps spring is not far ahead.
I believe that the real estate market will face many challenges in the coming years, but we should not be too pessimistic, we are confident that it will gradually come out of the predicament and usher in new vitality. I hope to arouse more people's attention and thinking about the real estate market, and look forward to the arrival of spring.