Overall, the confidence reflects the great importance accorded to the real estate market and is expected to promote a more stable and healthy development of the market, said Brodie.

"Housing demand is expected to further improve due to the three-child policy and recent economic development. The new trends in China's real estate industry, including the increasing popularity of newly completed homes and the further exploration of flexible housing loan repayment methods, are helping consumers and suppliers improve the quality of cash flow and delivery, thereby further helping restore vitality of the overall economy," Brodie said.

The central government also hopes to further ensure the handover of buildings, protect people's livelihoods and ensure stability through the efforts of local governments, he said.

The meeting also sent positive signals to drive consumption, said Chen Wenjing, director of research with the China Index Academy.

"It indicated that the existing property policies will be maintained in the near future, and the market should continue to stabilize homebuyers' confidence and market expectations," Chen said.

Xie said he believes the weak recovery so far will likely continue in the second quarter. Differentiation between regions, cities and even districts of a city will intensify due to their respective conditions.

The Chinese property market may see gradual stabilization in the second quarter on the back of optimization of local policies and steady economic recovery, Chen said.

"There might be a small-digit month-on-month home sales growth nationwide. Market differentiation might appear from city to city. Hot-spot cities that seek policy optimization and improved supply will remain vigorous, but the vast majority will continue to undergo a market adjustment."