China's housing regulator has urged four more cities to prevent their residential property markets from overheating in the latest sign that authorities are not about to relax their grip on the real estate business in order to spur the economy.
The cities of Suzhou, Foshan, Dalian and Nanning have been told by the Ministry of Housing and Urban-Rural Development to stabilise land and housing prices as well as market expectations, the official Xinhua news agency reported late on Saturday.
Six other cities were warned by the ministry last month to monitor the growth of home prices in their markets, after some cities, including, Foshan quietly started to relax some curbs since December to spur demand. China's home property market is a key plank of the economy, influencing tens of related sectors such as construction and financial services.