Cities try cooling hot new home prices

More cities in China are expected to introduce restrictive measures to dampen speculative buying and curb soaring property prices, according to analysts.

On Monday, Hangzhou, capital of Zhejiang province, imposed limits on second home purchases for buyers without a city household registrations.

Earlier this year, four other cities - Nanjing, Hefei, Suzhou and Xiamen - announced measures to cool the residential property market, such as increasing the down payment requirements for second homes or even barring the purchase of second and third homes.