Targeted easing steps for real estate sector in offing

A real estate agent (right) addresses a potential buyer's queries on a housing project at an agency in Taiyuan, Shanxi province, in May. [PHOTO/CHINA NEWS SERVICE]

EXPANDING effective housing demand and improving market expectations will be among the top priorities of policymakers to stabilize the property market, a sector key to reviving the recovery of the world's second-largest economy, experts said.

The real estate sector, which accounts for about 7 percent of the nation's GDP and about 60 percent of urban households' assets, serves as the pillar industry with spillovers to other segments of the economy. Thus promoting the stable and healthy development of the sector will play a key role in stabilizing economic growth, they said.