Home prices 'will stay under pressure'

Govt said to be adopting neutral stance as balance shifts in supply and demand

Housing prices will remain under pressure for the foreseeable future, and the government isn't expected to take any steps to boost the market, industry analysts said.

The average price in 100 cities sampled was 10,978 yuan ($1,770) per square meter in May, a dip of 0.32 percent month-on-month, according to the China Index Academy Ltd, a Beijing-based research institute that's wholly owned by SouFun Holdings Ltd.