Realty forecasts underline mild correction, overall stability

A moderate slowdown but overall a return to a healthier cycle - that, in brief, is experts' prediction for China's real estate market this year.

According to a research report from UBS, a Swiss financial services giant, the Chinese real estate market appears to be set for a moderate correction, having risen in 2017 and 2018.

UBS attributed its prediction to slowing contribution from the shanty redevelopment program and weak sentiment among prospective homebuyers.