Realty stocks decline on talk of fresh curbs

The real estate sector ended Tuesday's trading down 2.98 percent on the A-share market, a day after the nation's decision to firmly curb rising home prices, which triggered market expectations that more restrictions would be in the pipeline in the second half of this year.

According to data on 143 real estate firms tracked by online financial consultancy jrj.com, Future Land Holdings Co Ltd, a property developer based in Changzhou, Jiangsu province, led the fall by plunging 6.93 percent, and RiseSun Real Estate Development Co Ltd tumbled 6.82 percent, while Guangzhou Yuetai Group Co Ltd, Shahe Industrial Co Ltd and Poly Real Estate Group Co Ltd all fell more than 6.5 percent on Tuesday.

Analysts said the big fall is the market response toward the meeting convened by the Political Bureau of the Communist Party of China Central Committee on Monday, which said it would resolutely solve the irregularities in the property market, apply policies in accordance to local conditions, seek a supply and demand balance, and accelerate the establishment of a long-term and effective system for promoting the healthy and stable development of the real estate market.