China's main real estate regulator said it will maintain current restrictions on property sales, according to a report in Xinhua news on Tuesday.
A spokesperson for the Ministry of Housing and Urban-Rural Development denied recent reports in Chinese media which claim the government is planning to loosen real estate policy. Instead, he said policies targeting real estate speculation and price inflation would remain in place.
Chinese policymakers are attempting to implement targeted reforms that will reinvigorate growth in the world's second-largest economy, but without encouraging a second round of over-investment in property markets.
A report released by Soufun.com, China's largest real estate website, said sales increased in 34 out of 40 large cities from April to May, causing concerns that property prices may begin to increase again.
