Quotable

It's indisputable that the property market of some cities is entering an adjustment period, but it goes too far to say the market is verging on collapse."

Zhu Zhongyi, vice-president of the China Real Estate Industry Association, said China's property market, which has experienced disparate fortunes across the country over recent months, is unlikely to make a hard landing. Zhu made the remarks at the annual meeting of the Boao Real Estate Forum this week in Hainan province. The meeting attracted more than 1,000 delegates from the country's real estate-related sectors. China's property market started to fragment last year, as home prices eased in smaller cities while remaining stubbornly high in big cities. The market, as a whole, has been heading downward this year.