Why does Taihong Jianye International City want to lower housing prices?

The decline in housing prices in Taihong Jianye International City may be the result of a combination of factors. First of all, changes in market supply and demand may have led to a decline in house prices. When the market supply exceeds demand, house prices may fall. Secondly, the adjustment of policies may also have an impact on housing prices. For example, changes in mortgage policies and purchase restriction policies may have an impact on housing prices. In addition, the price reduction of real estate may also be one of the reasons for the decline in housing prices in Taihong Jianye International City. Finally, we need to consider the impact of economic factors on housing prices, such as local economic development and economic growth rate. If economic growth slows down, people's purchasing power may decline, thus affecting housing prices.