Tianjin to keep tight leash on new home purchases

As authorities reiterated their efforts to control property prices, tighter controls on home purchases are expected to continue in Tianjin, notwithstanding the northern Chinese city's efforts to attract more young talent with friendly policies.

The city's land resource and housing administration said earlier this week that they would strictly implement measures to control real estate prices, stabilize the overall market and free up more land resources.

"More resolute efforts will be taken to control the speculation," said an official statement from the agency.