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More cities impose housing purchase limits

By Zheng Jinran | China Daily | Updated: 2011-08-29 07:56

BEIJING - In a bid to cool down real estate speculation, officials are building a database, to be shared among 40 cities, where information about property ownership will be readily accessible.

"The shared database will involve two procedures," an official from the Ministry of Housing and Urban-Rural Development told the Beijing Times on Sunday.

"First, records about properties and their ownership would be sorted out and put into the database. Then information about earlier sales of properties will go online."

More cities impose housing purchase limits

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