China property sales will slow in fourth quarter, prices stable-housing minister

BEIJING (Reuters) – China’s property sales will slow in the fourth quarter and prices will remain stable, the housing minister said on Sunday.

The rapid rise of property prices has been contained and the government will keep measures consistent and not loosen control, Wang Menghui, head of China’s housing and urban-rural development ministry, told reporters at an briefing in Beijing.

China’s property market is currently health and stable, he added.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.