Shenzhen moves to cool property

Shenzhen's municipal government has tightened rules on property sales to check prices that have risen more than 30% since January, the South China Morning Post reported. Under the measures, all units of new property must be put on sale at once to prevent speculators releasing units in small batches to control supply and maximize margins. Another measure bans the reselling of pre-sold units by only allowing owners to sell them six months after completion.