Foshan, a city in China’s southern Guangdong province, announced Tuesday that it would reconsider its plans announced earlier the same day to loosen property restrictions, the Wall Street Journal reported. Officials in the city said that they would seek public opinion and make an assessment on the impact of any easing policy. Foshan is China’s first city to publicly contemplate easing its property restrictions in response to mounting concerns that the property sector is under too much strain. Shares of property developer stocks listed in Shanghai and Hong Kong have fallen in recent weeks, and reports from private data collectors suggest that property sales in big cities also fell during the “golden week” holiday. Analysts say the market is facing a liquidity squeeze, both for property developers and individual buyers.