Policy reform for realty sector

The government must take measures to overhaul the industry and fulfill its commitment to affordable housing for all

The intensive policy measures recently undertaken by the central and local governments to curb soaring home prices and crack down on speculative purchases are expected to help contain property prices from spiraling, but thorough reform is needed to root out the problem.

China's housing prices have risen steadily over the past decade, but the drastic hike seen since the latter half of 2009 has caused widespread concern regarding a real estate bubble.