Cooling measures help curb property market speculation

Speculations in first-tier cities' real estate market have been effectively curbed as city-specific measures are gradually showing influence, according to a spokesman for National Bureau of Statistics.

In the first three quarters of the year, the real estate market has been playing a positive role in China's economic growth, while risks in the real estate market have also effectively dissolved, said Xing Zhihong, NBS spokesman.

The outlook for the real estate market is "stable", and efforts to decrease stocks in lower-tier cities are also achieving results, Xing said.