China will continue to curb property speculation regardless of recent changes in housing prices, Xiabin, a senior government advisor, told a weekend forum in Shanghai during the weekend, Reuters reported.
China's top economic planner said Thursday that regulating the property market remains a daunting task in spite of "initial progress" the country has made in cooling excessive prices.
China may need to replace more than half of its housing stock in the next 20 years, a researcher at the housing ministry said in remarks published on Friday.
The government is unlikely to come out with more tightening policies for the real estate sector in the second half, and is more inclined to allow the market to play a lead role in adjusting prices, a top industry think-tank official said on Thursday.
Experts have called on the Chinese government to carry out a survey on Chinese residents' housing conditions in a bid to guide cooling-down measures for the property market.
A property bubble continues to pose the biggest risk for China's economy in the second half of the year and there is still room for correction in housing market.
The "seesaw battle" between the central government and various vested interest groups reflect the nation is suffering from "real estate disease".
Growing public concern over the economic slow down has triggered a national debate on whether policies should be relaxed.
China's property market remains an attractive place to invest despite recent tightening measures, said Fang Fang, JPMorgan's vice-chairman of Asia investment banking.
In about three months, the property market will probably reach a comprehensive correction and prices will fall in some areas. But it's hard to predict the extent of the price drop, which may vary from city to city.
Property prices and trading volumes in Beijing might have fallen - following the introduction of a tough new policy on April 30 - but insiders say Beijing buyers' interest in buying new homes has not diminished.