BEIJING, July 31 Reuters China39;s biggest cities including Beijing and Shenzhen said over the weekend they would implement measures to better meet the needs of homebuyers, without giving details, aiming to prop up a property sector that is seeing few signs of recovery.

This comes after top leaders at a Politburo meeting pledged this month to adjust and optimise property policies in a timely manner, and the housing minister promised more effective implementation measures.

Markets have expected policymakers to signal more property stabilisation steps after the Politburo meeting.

China39;s property sector has seen a string of debt defaults by cashsqueezed developers over the past few years with China Evergrande Group, the world39;s most indebted property developer, at the centre of the crisis.

Beijing39;s housing ministry on Saturday night said it would take into account the city39;s real estate situation and work with relevant departments to implement the pledges of policymakers.

The southern megacity of Shenzhen made a similar statement on Sunday.

Official newspaper Guangzhou Daily also reported on Sunday that Guangzhou39;s housing ministry had vowed to launch relevant policy measures as soon as possible.

Reporting by Liangping Gao and Ryan Woo; Editing by Himani Sarkar

Source Reuters