No ‘panic buying’ of houses in Beijing, says official  

官方回应：北京楼市供应充足 无恐慌性抢购

针对近期有人炒作北京楼市出现所谓的“抢购、涨价、恐慌”等情况，中新社记者27日采访了北京市住房和城乡建设委员会相关负责人。该负责人表示，北京商品住房市场供应充足，供需关系稳定，年底前将有9000多套商品房上市，不存在“恐慌性”购房情况。

Beijing (CNS) -- The property market in Beijing runs on a balance of supply and demand, and about 9,000 apartments will go on sale by the end of this year, a local official has said in response to rumors of "panic buying" in the capital's housing market.

In November, housing turnover hit 7,100 with a daily average of 270, lower than the average rate in the period from March to November, said the official from the Beijing Municipal Commission of Housing and Urban-Rural Development.

The speculative action of purchasing houses as investments has been effectively curbed, he said.

The government will insist on curbing the demands of investors, and home prices will not see a big rebound in the future, said the official, who reminded citizens to purchase homes based on practical needs.