Last year, some cities tightened the regulation of the property market while others moderately relaxed the purchase restrictions. Some cities have rolled out preferential policies to lure and retain skilled workers.

The two-way targeted regulation of the property market protects the housing supply while curbing speculation, said Wu Jianbin, executive vice-president of Yango Holdings Group.

A total of 620 measures on house prices regulation were rolled out in 2019, up 38 percent from 2018, said Zhang Dawei, chief analyst with the real estate agency Centaline Property.

The central government has been working on maintaining the stability of real estate policies, completing the land regulation mechanism and making other efforts to advance the sound development of the real estate sector.

China's central bank also stressed continuous special operations in establishing a long-term management scheme for real estate finance.

The tone-setting Central Economic Work Conference held last month reiterated a long-term mechanism to maintain the sound and healthy development of the real estate market and decided to guarantee housing for low-income families in cities and further develop rental housing.

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