Housing prices begin to stabilize

Hard landing in property market unlikely following cooling measures, say analysts

Home price increases in key cities may ease after a series of cooling measures take effect, though a hard landing of the market is unlikely, said analysts.

New home prices in 63 out of 70 cities that the National Bureau of Statistics monitors gained in September. But the real estate market "apparently cooled" this month after cities took measures to curb rapidly rising housing prices, according to a statement by the NBS on Friday.