To curb the soaring housing prices, the government has implemented a string of policies since early 2010.

 

　　However, the property market has shown signs of warming in recent months.

 

　　The central bank twice cut interest rates and the banks' reserve requirement ratio to buoy the economy earlier this year.

 

　　At the most recent central economic work conference, China said urbanization is a key driver of domestic demand, remaining that way in 2013.

 

　　However, China is also indicating it will stick to control measures in the property sector next year.

 

　　For more on expectations of the Chinese property market in 2013, we spoke earlier with Zhuang Jian, Senior Economist at Asian Development Bank's Resident Mission in China.

 

　　1 Home prices are rising, but turnovers have also been on the rise in recent months.

 

　　What do you think is behind the jump in sales?

 

　　Is there any speculative investment?

 

　　2  Does urbanization mean more housing demand?

 

　　3  China has been building more affordable homes, to what extent will government-subsidized housing ease demand?

 

　　4  What's your expectation of the Chinese property market next year and the government's property control measures?