China Should Aim For A Real Estate Soft Landing

China should increase policy efforts and aim to achieve a soft landing in the real estate market next year, and reversing expectations is the key, Yicai.com reported citing Ni Pengfei, director of the Center for City and Competitiveness at the Chinese Academy of Social Sciences. It is necessary to relax home purchase restrictions, lower home purchase costs, and encourage state-owned or high-quality private developers to purchase risky housing projects and convert them into affordable housing, Ni was cited as saying. Stabilising housing prices is key and some temporary control measures are recommended to be taken if there is an excessive decline, Ni added.