China's real estate market has witnessed its distressing circumstances in 2012, including the declining of land transaction volume, the lower-lingering price of real estate, the dropping growth in investment, the glooming sales of commercial residential building, etc. Under the influence of the real estate market trends, the real estate market in Henan presents the following four features: the continuing dropping growth in investment and transaction, the regional imbalance in real estate operation, the emerging of developments in non- residential building and the hardly relieved tension in liquidity squeeze. China's real estate regulation policy in 2013 will not alter; meanwhile, real estate market will be slightly flexible due to the risk of downside economic trends and manufacturing recession, more mobile private capitals will be put in real estate market to ward off asset devaluation from transmitted inflation. Henceforth, the development space of real estate market in Henan will be expanded with the constructing process of Central Plains Economic Zone, the reconstruction of urban village and new rural communities. Yet, real estate enterprises are bound to be transformed and promoted timely. <<