More curbs possible for real estate

Expectations are that there will be more restraining policies on the property sector over the next half-year due to spiraling property prices and investment despite government efforts to rein in the sector.

Although implementation of policies adopted last year remains the focus of 2007, soaring property prices could continue to pose a risk in the next six months, raising the possibility that further cooling measures could be on the horizon, said Zhu Zhongyi, secretary-general of the China Real Estate Association.

"The government may launch measures targeting some key cities if property markets there get out of control. Or it could release uniform policies covering the entire country," Zhu told China Daily.