In the first half of the year, thanks to the increased investment backed by the government and state-owned enterprises and other favorable factors, the economic growth in China has been steady.

The property market in China has played an important role in ensuring the steady economic growth in China.

The research team at ANBOUND Consulting is of the view that, on the whole, the works to reduce housing inventory made very limited progress during the first half of the year.

Various factors show that in order to reduce the housing inventory and to prevent the risk arising from housing finance, China has tightened its control over the property market through various aspects including the land supply and capital control.

More property buyers are adopting the wait-and-see attitude and the property market in China as a whole will likely to cool and the country's property market will continue to bifurcate.