Rising property prices are a key underpinning of domestic growth in China

Authorities do become concerned if prices appear to be rising too rapidly, citing leverage risks. This does not appear to be a concern at present though.

However, there are signals out of China that a tightening of monetary policy is being eyed:

Note too that China's home mortgage rates rose for the first time in 13 months in February. Authorities imposed caps on banks' real estate loans.