Guangdong property crackdown could signal others

A plan by southern China’s Guangdong province, the first in the country to implement strict property cooling measures as directed this month by the central government, may signal at least 24 other cities could be next in line for a crackdown.

Two of the four cities singled out by the provincial administration late on Monday – Guangzhou and Shenzhen – feature right at the top of the list of 70 cities that have seen some of the sharpest home price spikes so far this year, according to Reuters calculations of official home price data.

via Business feed http://www.scmp.com/business/china-business/article/1200345/guangdong-property-crackdown-could-signal-others