Reported 8 months ago
The driving factors behind rising house prices are diverse. Even with negative policy measures, as long as the 'expected psychology' of continuous price growth remains, it's difficult to change the trajectory of rising prices. Recent series of property cooling measures, including the implementation of the 2.0 property and land tax and the central bank's decision to raise the reserve requirement ratio, have seemingly demonstrated diminishing marginal returns in the real estate field. However, long-term effects may still need to be observed to determine the true impact on the market balance between demand and supply.
Source: YAHOO