More Chinese cities have rolled out measures to cool surging home prices, joining growing efforts nationwide as authorities come under pressure to rein in a red-hot housing market.
The eastern city of Nanjing, the southern city of Xiamen, Nanchang in central China and Shenyang in the northeast unveiled a number of measures on Monday, according to city government websites, including raising minimum down payments for second home purchases and making more land available.
Wuhan, the capital city of central Hubei province, announced similar rules last Friday.
Source: Reuters
