hina’s housing r上海龙凤1314品茶微信egulator has warned four Chine
se cities over price rises in the past three months, the Economic Observer reported.
Local governments of Foshan, Suzhou, Dalian and Nanning were urged by the Ministry of Housing and Urban-Rural Dev
elopment to stabilize land and housing prices as well as market expectations.
This came a month after six other cities were also warned over similar reasons on April 19.
Zhang Dawei, chief analyst with Centaline Property, said the main reason behind this is the real estate market in some
cities is at risk of going out of control, and the land market shows signs of overheating.
China’s house prices continued to stabilize despite slight increases
in April, according to the National Bureau of Statistics. Sixty-seven out of the 70 major Chine
se cities saw an increase in the number of newly built homes that were sold in April.