China's property market to stay upbeat this year

Prospective homebuyers gather to look at residential project models during a building opening ceremony at a shopping mall in Shanghai on March 28, 2020. - China Daily

BEIJING (China Daily/ANN): Even after the May Day holiday, China's residential property market will remain upbeat as demand is expected to be firm during the rest of the year in spite of the tightening of home-buying rules, industry insiders said.

This could, however, still pose risks to those who may have entered the market purely for investment or speculative purposes, they said.