China Property Update: Small Positives Today to Become Small Negatives Tomorrow?

"Monetary policy tightening has continued, and it's likely there will be more in the near term. The required reserve ratio is now at an average 20.5% for large banks, and the policy interest rate is up to 6.31%. But more so, there have been a range of targeted policy moves to address rising house price inflation such as increases in mortgage lending limits, limitations on buying additional houses. There's also the large scale social housing construction plans that may put a damper on the pace of gains in house prices."