Will it be bull or bear during the Year of the Ram?

In the first in a series on China's 'new normal' economy, developers and analysts say that it is tough to call the outlook for the property market, reports Zheng Yangpeng.

After a disappointing 2014, the property market faces even more uncertainties in the Year of the Ram, with positive and negative factors abounding.

On the "bull" side, the Government Work Report, a tone-setting document presented by Premier Li Keqiang at the annual session of the National People's Congress, surprisingly omitted any mention of "curbing investment and speculative demand", which repeatedly appeared in previous reports.