Property market faces big test for stability

Specific policies: Workers on a suspension platform prepare to install tiles for a building under construction in Beijing. As China’s urbanisation continues its march forward, analysts point to significant growth potential and a need for structured housing solutions. — AP

BEIJING: As China’s real estate sector tries to gain a solid footing, experts are calling for swifter and stronger steps to restore sentiment and stability.

Among these were easing purchase restrictions in major cities, exercising deeper cuts on mortgage rates and expanding government-led acquisitions of unsold housing for conversion into affordable homes.