Beijing readies more curbs as prices resist policies

Beijing, which already has the mainland's strictest property curbs, is being forced to take additional steps to contain surging home prices as demands for record-high deposits fail to deter buyers.

The capital has enforced citywide price caps since March by withholding presale permits for any new project asking selling prices authorities deem too high.

via Business feed http://www.scmp.com/business/china-business/article/1253539/beijing-readies-more-curbs-prices-resist-policies