He added that home prices will also be largely affected by the government's monetary policy, suggesting that its rebound last year was partly triggered by two cuts in interest rates by the central bank.
Prices could also be affected this year by a smaller supply of new development land, being sold at higher prices.
According to figures from the Ministry of Land and Resources on Tuesday, China's land supply for property from January to November dropped 8 percent year-on-year.
But prices have been rising, as competition heats up between developers, flush with cash.
Despite strict ongoing property control measures, many large property developers reported good sales and improved finances last year.
Last month, China Vanke Co Ltd and Greenland Group bought a plot of land for commercial use in Shanghai for 5.43 billion yuan, setting a record price for the city's property sector.
Yan Jinming, a professor specializing in land management at Renmin University of China, said that with property land supply unlikely to improve next year, the land ministry must increase the proportion being made available to residential development, to avoid any further rises in land prices.
1.8 mln to sit 2013 postgraduate admission exams
Feedback
RSS
