Beijing Authorities Again Take Aim at Property Prices in Tongzhou

(Beijing) – Authorities in the capital have unveiled rules intended to further rein in the real estate market in the Tongzhou District, where prices have soared since last year after plans to build a center for government offices were announced.

Beijing's housing commission and Tongzhou's government unveiled the new rules, which would target buildings in which units can be used for either office space or homes, on May 5.