Policy efforts can stabilize realty

Experts: Excessive stimulus not required to reverse downturn; recast, however, can help

China still has policy room to further stabilize the property market by boosting demand and optimizing supply without excessive stimulus, thereby further reining in the industry's downturn, experts said.

However, the country needs to ramp up efforts to restructure both the property industry and the broader economy, to ensure high-quality development, they said.

"We believe that there's still a high possibility of more supportive policies aimed at stimulating sales in the short run, which will help constrain the decline in property sales," said Wang Xingping, senior analyst of the corporates department at rating agency Fitch Bohua.