Since September 30, about 22 cities in China have introduced the property market regulations and control measures with administrative characteristics in order to restrict housing purchase, and this is considerably effective. Anbound researchers believe that there is no doubt bubbles exist in China's property market, and appropriate regulations must be adopted. However, such regulations must consider specific conditions of the different situations, and there should be introduced classification guidance policy, as well as encouraging private investment through market-oriented reforms to develop the real economy and to absorb excessive capital. On through this way, property market regulations and control can be implemented in stable means.