Ministry of Housing Threatens to Clean Up Real Estate Market

The Ministry of Housing and Urban-Rural Development will investigate the real estate market from June to October, looking for signs of illegal activity such as driving up prices and use of illegal leverage.

"For bad faith of the intermediary, in particular speculations, intermediate profit, malicious incitement, driving up prices, engage in illegal off-site with the capital increase leverage and other acts necessary to introduce specific measures to punish dishonesty, increase damage and seriously handle it until the market is cleaned up." Lu Kehua said.
iFeng: 住建部:炒买炒卖、哄抬房价等行为将受严惩

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