Cooling the Housing Market: Some 200 policies taken nationwide

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China's housing market continued its rise throughout the first half of 2018. As many expect easier monetary policies to come, property prices may continue trending upward. That's why cities across the country are taking action. CGTN's Sun Ye has the report.

Dampening news to cool down the housing market. Shenzhen, China's fastest growing city, recently announced some heavy measures to reign in the warming real estate market, one being a three-year transaction ban after purchase. Having been in the industry for almost three years, Liu Zhiyong says he is used to this. As the city has regularly rolled out containing measures whenever the sector warms up.

LIU ZHIYONG, REAL ESTATE AGENT HOME-LINK "For now the reaction from both sellers and buyers has been stable. No sharp jump or decline. We see this often."

SUN YE SHENZHEN "Shenzhen is not the only first-tier city vowing NOT to relax on the sector. Shanghai has reiterated it's NOT lifting buying and mortgage curbs. Beijing said it's standing firm with its own restrictive policies. And across the country, some 200 policies have been announced in the first half of this year to reign in speculation and price hikes."

Analyst Xiao Xiaoping says she sees China's bigger-city housing markets getting more rational day by day.

XIAO XIAOPING, DIRECTOR SHENZHEN BEIKE RESEARCH INSTITUTE "In Shenzhen's case, it's now shaving off unwanted speculation and demand, while also providing MORE affordable housing to ramp up much needed supply. So it's getting more balanced and stable. And the same trend is there for other first-tier cities."

A stable housing market is one of China's most important economic goals for the second half of 2018, according to a release coming from the mid-year Communist Party Politburo meeting. But Xiao says stability means a different thing for some smaller cities.

XIAO XIAOPING, DIRECTOR SHENZHEN BEIKE RESEARCH INSTITUTE "We have to caution cities and towns that are losing population to bigger cities. While such places also have more land for development, as speculation dwindles they may see demand slashed, therefore the market will fluctuate."

But that might be what such cities need to go through for a healthy and stable housing market. SY, CGTN, SHENZHEN.