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Beijing (CNS) -- China's top leaders have vowed to adopt more measures to control the property market next year, an expert said Sunday following the conclusion of a central economic work conference.

Zhou Jingtong, a senior analyst from the International Financial Institute at the People's Bank of China, said the central government's determination to control the real estate market had met insiders' general expectations. A property tax on housing might be among the new measures to control prices, he added.

Despite a string of policies over the last two and half years, high real estate prices remain stubborn, Zhou said.

Because of a low proportion of indemnificatory housing and limited investment methods, if such policies are removed, housing prices might rebound dramatically, he said.