Expert forecasts cool-down in housing market  

地方版“國五條”細則落地倒計時 樓市或迎降溫

隨著25日廣東版“國五條”細則的率先出世，各地落實樓市調控新“國五條”、出臺操作細則進入倒計時。

Beijing (CNS) -- China's property market will move toward cooling down after new measures are announced in some regional areas to bring housing prices back, an expert said on Thursday in an interview.

Wang Juelin, former vice director of the research center under the Ministry of Housing and Urban-Rural Development, said the central government's cooling measures will help rein in the pace at which housing prices are increasing.

The new measures released by Guangdong province, in response to the State Council's "five new rules," however,haven't revealed many practical rules in enforcement and might not fully reach the target set by the central government, an insider said.

This opinion was echoed by Wang.

Wang said Beijing may release more detailed rules, as the capital city usually adopts more strict measures.

In March, major cities in China reported sharp rises in property prices, thanks to concerns about the upcoming tax expansion.