China Sets Criteria for 'Overheated' Housing Market

(Beijing) -- The Ministry of Housing and Urban-Rural Development has set specific criteria for gauging property markets at the municipal-level, with markets determined as "overheated" now subject to new home purchasing restrictions, Shanghai Securities News reported on August 17.

Cities that have seen significant price or sales growth in the residential housing market and areas where public discontent over home prices are high are among the criteria for evaluating whether a municipal market is "overheated."