Lack of construction could push up prices all over again

BEIJING - China's property prices will stabilize in the second quarter of this year due to the government's tightening of real estate policies and attempt to improve imbalances between supply and demand, industry experts said at a forum on Monday.

"In cities that have experienced excessive property price growth, there will be bigger fluctuations in the following three months, but the decrease will differ from city to city," said Nie Meisheng, president of China Real Estate Chamber of Commerce.