The new policy is the first concrete response from Beijing to growing fears that an unsustainable bubble has formed in the real estate market. Concerns over property bubbles have been voiced by a wide range of commentators in China in recent weeks, including prominent real estate developers.
Residential prices in China's 70 largest cities rose 5.7 per cent in November from a year earlier, accelerating from October's 3.9 per cent year-on-year rise.
Overall prices rose 1.2 per cent month-on-month from October to November.
您已閱讀26%（523字），剩余74%（1475字）包含更多重要信息，訂閱以繼續探索完整內容，并享受更多專屬服務。