China cools red hot home market More cities introduce measures to rein in surging prices

BEIJING: More Chinese cities have rolled out measures to cool surging home prices, joining growing efforts nationwide as authorities come under pressure to rein in a red hot housing market.

The eastern city of Nanjing, the southern city of Xiamen, Nanchang in central China and Shenyang in the northeast unveiled a number of measures on Monday, according to city government websites, including raising minimum down payments for second home purchases and making more land available.