Experts address property control policies   

Beijing (CNS) -- Financial and property experts have begun weighing in on the influence of the latest housing market control policies since property shares plunged on Thursday.

Shares of most property developers fell after the State Council on Wednesday reiterated control policies and formulated five measures to tame the hot property market.

Zhang Hongwei, a chief researcher at Shanghai-based Tospur Consultancy, said the latest measures continue to curb speculative activity in the property market and extend support for owner-occupier demand. A looser trend of overall controls, combined with periodical tightening, will be seen in the future property market, he added.

Xu Feng, from the research department of Midland Realty, told reporters that commanding the price system will require more efforts from monetary policy and the macro-economy, besides property control policies.

The system of accountability highlighted in the new measures will urge local governments to better implement tightened housing market measures, said Ren Qixin, from the Yahao Real Estate Selling and Consulting Solution Agency.