Realty market needs to regain its lost luster

Property | Ed Zhang

Evidence is mounting that the government's almost four-year-long curbs on buyers in the urban housing market are being given a quiet burial. Inadvertently or otherwise, the timing cannot be more appropriate - when both manufacturing and retail sales are at a low ebb and investors are worried about the possibility of a further slowdown in China's economic growth.

It is reported that of the 70 large cities where the central government-prompted restrictions were imposed, 66 have more or less relaxed implementing the rules.