China's real estate market set to stabilize in 2019

The country's property market is set to stabilize this year as the central authorities further stress establishing a long-term mechanism for the healthy development of the sector.

A Political Bureau of the Communist Party of China (CPC) Central Committee meeting held on April 19 reiterated that housing is for living, not speculation, and emphasized the creation of a long-term mechanism of one city, one policy.

"This suggested stable land prices, stable house prices and stable price expectations should prevent the property market from drastically rising and falling, and this will be the main regulatory target for the future," said Shaun Brodie, senior director and head of occupier research for Cushman and Wakefield in China.