China's housing decision-maker has said the real estate market will improve following the fourth cut of interest rates by the central bank within three months.

Qin Hong, a senior official with Ministry of Housing and Urban-Rural Development, said the bleak real estate market will bounce back soon.

"I believe the real estate market in China will shake off the downturn following the adjustment of policies.

Generally speaking, the marketing demand and supply differentiates dramatically because we still have large areas of unsold housing nationwide."

The cut from China's central bank, the People's Bank of China, has seen rates drop to 5.58% from 6.66%.

Financial experts commended the easing monetary policies in China, saying they were conducive to revitalizing the market.

The massive interest rate cut is also supported by most real estate developers, who consider it a helping hand for them in the dim market.

Luo Yunbin, vice president of a leading real-estate icon in China, gave his understanding of the newly-released policies.

"From the aspect of liquidity for enterprise, I still need to borrow some loans from banks, so I will take this opportunity to expand the selling volume of the current housing at hand to retrieve capital as fast as possible."