BEIJING Oct 19 The property market in China's
capital city Beijing has stabilised following the implementation
of the latest policy measures, the Beijing municipal commission
of housing and urban-rural development said on Wednesday.
"The effects of housing policy measures are showing, market
expectation are stabilising and buyer behaviour is more
rational," the housing agency said in a notice on its website,
noting that property transactions and the number of people
applying to buy properties have both fallen.
The bureau said it had beefed up inspection efforts
especially after stricter restrictive measures on Sept. 30, and
had so far inspected 30 property projects on sale and 52
(Reporting by Yawen Chen and Nicholas Heath; Editing by