A rising trend in property values in China is no longer a certainty as "unprecedented" state housing price controls come into effect, state media quoted a central bank adviser as saying on Saturday. China's housing authorities have pledged to stabilise land and home prices in 2019 and ramp up the supply of rental housing to tackle home-affordability issues, state television reported in December.

The measures should be enough to ensure house prices as a whole will be stable over the next 10 to 15 years, the official China Securities Journal quoted Sheng Songcheng, a People's Bank of China (PBOC) adviser and dean of the research institute of China Chief Economist Forum, as saying.

Following a furious boom, China has gradually tightened regulatory controls over its massive property market from mid-2016. But home prices have continued to go up, even as economic growth slows, and managing risks in the sector remains a priority.

Copyright Reuters, 2019