China's real estate market continues to face significant challenges, exacerbated by a combination of oversupply, declining home prices, and liquidity crises among major developers. Developers like Evergrande and Country Garden are struggling with massive debts, leading to defaults and stalled projects. Despite government interventions such as relaxing mortgage conditions and converting unsold homes into social housing, the market remains sluggish. Structural issues, including a shrinking population and a high homeownership rate, further complicate recovery efforts, signaling that deep fiscal and land reforms may be necessary to address the sector's long-term imbalances.