In 2020，China continued to implement its tight property market regulation despite the covid-19 pandemic，which means that for a long time in the future，Beijing is unlikely to loosen its tight grip on housing market and the policy cycle will disappear. Currently，the number of buyers have dropped and the total sales of commodity residential housing has reached peak levels and is likely to fall slowly in the following time. However，in some large cities with the hot real estate market，insufficient supply，and healthy residents’ leverage ratio，housing prices is estimated to rise in 2021 even though the regulatory policies may be introduced to curb the heat. The overall recovery of the block trading market still takes time，and investors will pay more attention to alternative assets that are less affected by the pandemic during this period.