Beijing Said to Mull More Steps to Cool Property Market

(Beijing) – In the midst of the rebounding real estate market, the central government is considering new curbs for the property market, a source close to top decision-makers says.

The source said that affordable housing could give a boost to the economy, but the central government was unsatisfied with the pace of construction of such homes.

"We need to establish a monitoring mechanism to supervise the developers," he said. "For instance, if they don't build affordable housing, developers will not be allowed to sell their houses."