Closer Look: Local Gov’ts, Public Play Cat and Mouse over Latest Property Curbs

(Beijing) – As the property market waited anxiously, over the last weekend in March big cities like Beijing, Shanghai and Shenzhen released implementation details for the central government's housing curbs.

In March alone, more than 40,000 pre-owned homes were sold in the capital, up 300 percent from February. Meanwhile, average sales prices rose more than 2 percent from February.