The State Council's call for a "one city, one policy" approach to the property sector has indicated that more policies with a precise focus on the local housing market will be worked out, which will ensure the healthy and stable development of the residential property market, industry experts said.
A number of Chinese cities saw pre-owned home transactions recover during the weeklong National Day holiday, while urban new-home sales remained tepid. But experts said that with policies gradually taking effect and home buying sentiment turning stronger, the sector is likely to stabilize in the fourth quarter.
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