Affordable homes best solution for property market

The A-share market is apparently "between scenarios". Last week, it plunged after tough action against property speculation - first by the central government in Beijing and then followed by State-owned banks and key local governments.

This week, the market seems to have picked up as it appears that government policies won't get any tougher in the next couple of weeks.

Thus the rally on Monday, led by property shares amid investors' expectations that tougher moves by the government - such as further dampening of real estate transactions and raising interest rates - will be slower than had been expected over the past few weeks, and won't happen at least until the eurozone gets stabilized and no more crises appear.