China should increase affordable housing and expand property tax reforms, says to the Chinese Academy of Social Sciences (CASS).

As more rural migrants move to cities, the government should increase the supply of low-income housing to guarantee "affordable, reasonable and suitable living space" for all city residents, the CASS said in a report released on November 28.

The think tank suggested the government speed up public housing construction, introduce differentiated property tax policies and expand pilot programs for property tax reform.

The government should levy property taxes on all homes featuring more than 40 square meters per person, the report said.

In October, half of 70 major Chinese cities recorded higher new home prices than a month earlier, according to the National Bureau of Statistics.