Smaller Tier 3 and Tier 4 cities need...>

CHINA PRESS: Smaller Tier 3 and Tier 4 cities need to be alert to the increase

in real estate inventories, the Economic Information Daily reported Friday.

Recently, the real estate market in Tier 3 and Tier 4 cities has been quite hot

while that in larger Tier 1 and Tier 2 cities has been curbed by stricter

regulations, the report said. Expectations of higher housing and land price are

growing in the smaller cities. The hot market could easily trigger speculation,

so authorities should exert proper controls at a flexible pace to take account

of changes in the market, the report added. (Economic Information Daily)