Property norms may be eased

China is prepared to take a more flexible approach in vetting property investment by foreign institutions without modifying its existing policy, government and industry sources said.

This change in approach is part of the government's latest efforts to revitalize property markets. Real estate investment growth in the country slowed to 22.7 percent during the January-November period, down from 24.6 percent in the first 10 months, according to the National Bureau of Statistics.

"So far, we haven't received any instruction to revise the policy on foreign investment in the real estate sector," said an official from the Ministry of Commerce, who preferred to remain anonymous.