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Dozens of Chinese cities have implemented tougher cooling measures to limit price gains since mid-March, following Beijing's unprecedented harsh curbs that lifted the down-payment ratio for second homes to 60 percent.

Dong Lu, a 31-year-old designer from Ganzhou, Jiangxi province, thought of visiting Turkey in November because of the lower price.

Dong said: "The US side needs to realize that trade bullying measures are not workable solutions to address existing issues with China. Furthermore, it is necessary to build a new mechanism that can fit the environment where the economic strengths of China and the US have been changing."

Due to seasonal factors such as the holiday, property developers have also slowed down the pace of releasing new properties. For example, in January only around 1,800 new houses were put on the market in Shanghai, compared to 9,000 in December.

Doom-mongers overseas warned of the unraveling of the Chinese economy as early as February, citing a growth in loans coupled by slowing growth.