"The more pragmatic approach from regulators is warranted, " said Michael Symonds, credit analyst for financials at Daiwa Capital Markets Europe.

BBC: Basel liquidity agreement boosts bank shares

"From late 2012 we believe the sector's structural issues rising levels of unsold inventory due to robust launch schedules coupled with a formidable pipeline of completions will continue to depress rents and capital markets, " said David Lum, an analyst for Daiwa Capital Markets, in a recent report.

WSJ: Property Prices Cool Across Asia

"We are expecting a different degree of price correction in different cities, with major and coastal cities likely to see (bigger declines in prices) this year compared to the inner cities, " said Daiwa Capital Markets analyst Danny Bao, who added that he expects property transaction volume to fall 10% this year.

WSJ: China Home Prices Fall Again