Property prices remain high

Officials from the Ministry of Housing and Urban-Rural Development said soaring property prices are expected to remain constant over the next two years.

While government measures to control the property market are not immediately apparent, prices will stabilize as the land supply increases, Qin Hong, deputy director of the ministry's policy research center, was quoted on Thursday by Qilu Evening News as having said.

The land supply across the country this year is at least three times more than the average over the past five years, which will help ease the tension between supply and demand and calm the real estate market, she said.