House prices set to stabilize further

As official data showed that China's real estate market remained stable in September, experts pointed to positive signs of a further stabilization in house prices.

According to data issued by the National Bureau of Statistics on Saturday, in September the price of newly built commercial property remained stable for the second month in a row. Shanghai and Shenzhen both witnessed price drops in new property sales of 0.1 percent and 0.2 percent respectively, compared to August. Meanwhile, the average price in Guangzhou grew by 0.4 percent from the previous month.

Among the 70 monitored cities on the Chinese mainland, Shanghai, Shenzhen and Jinhua, a city in Zhejiang province, experienced house price drops in September.