(ECNS) - Authorities in Beijing have launched a fresh campaign against irregularities in the property market, Beijing News reported on Thursday.
A task force comprised of 11 governmental departments will focus on malpractices related to housing rents, speculation, illegal agencies or developers, and fake advertising before the end of the year.
Led by the Beijing Municipal Commission of Housing and Urban-Rural Development, the campaign also includes public security, the tax bureau, and the Beijing Banking Regulatory Commission.
A priority of the campaign is stemming speculation in school zones, where house prices are suspected of being "jacked up."
Dodgy practices by real estate agents will also be targeted, including violating the rights of tenants by forcing them out of contracts through threats and intimidation. Other are accused of fabricating housing sales contracts in order to pay less tax.
The public can call the 12345 government service hotline to file complaints about the real estate market. Authorities have vowed to establish a long-term mechanism for the ongoing regulation of the property market.
