Policy controls on the property.........>

CHINA PRESS: Policy controls on the property sector are expected to continue and

be strengthened, the Securities Daily reported Thursday. In the past two months,

cities experiencing rapid housing priced growth have been the subject of

frequent, sweeping examinations by regulators. The Ministry of Land and

Resources ordered an examination in 70 cities to check whether property

developers that had acquired land for residential use had actually started

construction based on their contract commitments. In addition, the National

Development and Reform Commission and Ministry of Housing and Urban-Rural

Development conducted examinations in 15 cities aimed at clamping down on

manipulation of housing prices. The two movements resulted in a total of 73

cities coming under tighter oversight. The government initiatives aim to fill in

regulatory voids and reflect the Chinese government's determination to stabilize

the property market, analysts were cited as saying. The government will bring

more cities under supervision, stepping up examinations to clamp down on

stockpiling of land and housing price manipulation and other practices harmful

to the health of the property sector. (Securities Daily)