hina’s real estat上海楼凤品茶微信e market is expected to usher in a new period of adj
ustment during the second half of this year, Economic Information Daily reported.
Adhering to the policy that “houses are for living, not for speculation”, local governments have kept differentiated poli
cies based on local conditions, and made obvious achievement in tightening control of the real estate market.
The market saw pickup in March and April. However, it didn’t gather en
ough momentum and showed some signs of cooling down in May, Wang Yeqiang, a rese
archer with the Chinese Academy of Social Sciences, said in a signed article published by the newspaper.
Last month’s data also indicated the rebound is not stable, W
ang said, adding that the market is likely to enter a new period of adjustment.