Curb rising land prices

The Beijing municipal government introduced new measures on Friday to cool the capital's red-hot real estate market.

Higher down-payment requirements for those buying a second property in the capital are expected to further squeeze speculative home purchases.

The tighter regulations came only two days after the governments in Nanjing and Qingdao, two major Eastern cities that have witnessed fast rises in property prices in the past year, tightened their housing regulations.