Real estate prices in China are in no condition to rebound as the government continues its hold on the property market, People's Daily reported on September 23.
Despite a rise in sales in recent months, speculative buying is still under control, and both property prices and housing inventories have remained at a stable level, an official from the Ministry of Housing and Urban-Rural Development (MOHURD) told People's Daily.
The recent rebound in home-buying activities is due to higher demand that had been suppressed, an increase of new housing supply and lower loan rates. But there has not been a widespread rebound in property prices. |