Housing 'stable' in 2018

Updated 2017-12-06 10:02:57 Global Times/Agencies

The Chinese residential real estate market is expected to be stable, although a round of adjustments and further cooling is likely, according to a report by the Chinese Academy of Social Sciences (CASS) on Tuesday.

In 2018, housing prices will stabilize and inventories will fall further, although at a slower pace, the report said.

With tightened polices on home purchases likely to persist into next year, the focus will be on the rental market, with more land supply expected to be released for rental housing projects, the report noted.

But, there are a number of uncertainties in the market, such as the potential bursting of bubbles or their further growth, as well as the return of speculation, it said.

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