When it does, this may start to curb speculative interest in the housing market, which has centred on the buy-to-let private rental market.

ECONOMIST: House prices

JPMorgan said in a research report that they expect the government to maintain property tightening measures for the rest of the year to prevent house prices from bouncing back and clamp down on speculative demand in the housing market.

FORBES: China Housing Prices May Have Bottomed Out

The housing market is our first victim of speculative fever and rising interest rates.

FORBES: A Comet In Copper

The long-running housing market boom could turn out to be a speculative bubble whose bursting damages economic confidence and growth.

ECONOMIST: Not so rosy | The

The worst of the credit crisis is over, and the housing market is beginning to show signs of life--although highly speculative markets such as southern Florida will still be hit with many more foreclosures.

FORBES: Fact and Comment

In parallel, heavy investments and speculative buying drove housing prices up to levels found in New York and Tokyo, overheating the real estate market and putting housing prices beyond the reach of most Chinese.

FORBES: Wealth Management for China's Richest: An Industry With a Great Future

No. 12, "speculative areas beyond housing may suffer in 2007, " has commenced with the evaporation of the asset-backed commercial paper market last summer and the drying up of private equity financing.

FORBES: Sound Advice Worth Repeating