More prudence seen amid property price slump

The country's housing sector is becoming more rational as the property market continued to cool down in November, said experts.

According to data issued by the National Bureau of Statistics, the nation's property market remained stable last month as local governments continued to battle speculation.

Newly built commercial properties in first-tier cities edged up 0.3 percent in November compared to October, while secondhand property prices eased by 0.4 percent.