More Chinese cities see home prices rise (4)

Yin Zhongli, a finance researcher with the Chinese Academy of Social Sciences, said the government's current measures showed that it has kept its vigilance against price hikes.

The PBOC has stopped introducing more easing measures since the interest rate cut in August for fear of reigniting speculation fervor in the property market, he said.

The government has repeatedly reiterated its firm stance on property market control and vowed to keep in place tightening measures like bans on third-home purchases and property tax trials, which have been introduced one after another since 2010.

In the latest move to dispel expectations for policy easing, Minister of Housing and Urban-Rural Development Jiang Weixin said Monday on the sidelines of the 18th party congress that the government will not relax current restrictions on home purchases in the short term, and it may expand the property tax program when the time is right.

The government is unlikely to roll out new tightening measures before the new government comes into office next year, Yin said. But to achieve sustained growth in the long term, the country needs to cap home prices and bear the pains of the slowdown resulted from the effort, he added.

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