Experts say that real estate prices in Beijing and other Chinese cities have steadily declined and speculation has decreased since the central government implemented strict regulations concerning property purchases last year.

The government implemented a series of measures last year to nudge Beijing home prices on a downward track. The trade volume for new houses and resold apartments declined almost 50 percent in a year. Does that mean the market has returned to rational order?

DENG YUSONG, VICE DIRECTOR-GENERAL INSTITUTE FOR MARKET ECONOMY, DRC "Since the first quarter last year, big cities, especially the first-tier cities, obviously tightened their policy on purchasing houses. That's why the price of property in cities like Beijing declined steadily. So, keeping policies neutral will benefit the health of the market."

The government implemented more than 20 policies to adjust the real estate market. Those policies included enhancing tax requirements to purchase an apartment, raising the down payment for a second house and reducing the length of some loans. The government also added regulations to prevent people from creating fake divorces to qualify for additional purchases and adjusted local land supplies.

DENG YUSONG, VICE DIRECTOR-GENERAL INSTITUTE FOR MARKET ECONOMY, DRC "For a city with large population input, increasing the land supply is suitable. On the contrary, for regions with huge amounts of land supply, we should shorten the provision to maintain a balanced status."

Research data showed that the trade volume for Beijing's new apartments declined over 52 percent to a historic low after the government policies were implemented. Data also showed that the price of resold property in Beijing continued falling. Real estate prices dropped at least 8 percent in March compared with last year. Some analysts say that a large number of price-limited housing and shared-ownership property would be released from the second half of March. They expect real estate prices to reach a low level.