It's expected that during an upcoming key economic meeting Chinese officials will introduce measures to cut housing inventories.
It's being reported that reducing stock in the property market will likely be discussed at the upcoming Central Economic Working Conference, which sets economic targets for the coming year.
It is said that the measures are not expected to boost the real estate market nor set quantitative reduction targets for specific regions.
According to data from the National Bureau of Statistics, the unsold home inventory hit a record 686.3 million square meters by the end of October, up 17.8 percent from the previous year.
For more on China's property sector, CRI's Paul James earlier spoke with John Ross, senior fellow with the Chongyang Institute for Financial Studies at Renmin University.
