New-home prices in China rose sharply in February from January, prompting speculation that Beijing will crack down further on property speculation.
Prices of newly built homes in 66 of 70 large and medium-size cities rose in February from January
the state council and china's cabinet said that the increase would help accomplish a 20% gain tax.
Policy makers have been working to stop prices from rising too quickly for the past three years. They have planned some higher down-payment requirements and outright bans on multiple mortgages in those cities with high prices.
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