Lee Wee Liat, China property analyst at Nomura says he is waiting to buy a property in China but won't make a move until prices fall next year - perhaps by as much as 20% - then it may be worth sitting up and paying attention.

Lee believes that the series of measures taken by the central government in China since the beginning of the year to cool down demand for property are insufficient and initially at least, home prices in mainland cities will continue to rise.

South China Morning Post