The property market in China is.........>

CHINA PRESS: The property market in China is undergoing a transition as controls

on property sales tighten and rental house policy is pushed forward, the Xinhua

News Agency reported Sunday. The toxic circle of "tighter controls, higher

prices" is expected to be broken because rising housing prices have been reined

in, policies to reduce inventories of unsold houses have worked, while financing

controls and the provision of new land for development have curbed speculation,

the report said. Half of residential housing problems in big cities can be

solved by housing purchases and half through rental housing, the report argued.

The emphasis on both housing purchases and rental housing will be a long-term

policy for the property market, the report said. (Xinhua)