Home purchase limits 'unchanged'

Shanghai's housing authority said on Monday that the city will not scrap or loosen its home-buying restrictions, as some in the market have speculated. Current policies on home purchases will continue, officials said.

Property market insiders said they expect more policies in the coming months to support residential property transactions, following Premier Li Keqiang's comment that governments need to apply reasonable regulations to manage and support the market.

But new policies may not be introduced soon in first-tier cities like Shanghai.