More realty curbs unlikely, say experts

GUANGZHOU - The government is unlikely to come out with more tightening policies for the real estate sector in the second half, and is more inclined to allow the market to play a lead role in adjusting prices, a top industry think-tank official said on Thursday.

"The price growth in key cities has declined and property sales have plummeted. So there is little possibility that the government will launch more tightening policies for the real estate sector before the end of the year," Zhu Zhongyi, vice-chairman of the China Real Estate Association, said at a forum organized by China Minsheng Banking Corp in Guangzhou.

Property prices in 70 major Chinese cities dropped 0.1 percent in June from the previous month, the second monthly slowdown after the record expansion in April this year, according to the National Bureau of Statistics.