An investigation is under way into an urban management official in South China's Guangdong province after online muckrakers found he and his family members own 21 houses.
The number of existing homes sold in Beijing this year hit 100,257, making 2012 the fourth consecutive year in which more than 100,000 homes have been bought in the capital.
House prices in 100 major cities across China climbed further in September, the fourth consecutive rise this year, China Index Academy said.
Real estate developers are lowering their expectations for 'Golden September and Silver October' as fewer homebuyers turn out.
Property sales fell in Sept in North China's Tianjin municipality as potential buyers adopted a wait-and-see attitude following a market rebound in mid 2012.
In October, a month for a boom in housing sales, the prospects of the real estate market in China are dim as consumers adopt a wait-and-see attitude.
Private investors in real estate have shifted their focus onto commercial property, according to a Ministry of Housing and Urban-Rural Development think tank.
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