Rein in housing prices

The recent rise in domestic housing prices in defiance of real estate regulations highlights the need for the authorities to take more forcible and targeted measures to tame the speculation-prone housing market.

Figures released on Tuesday by the National Bureau of Statistics show that 53 of China's 70 monitored large and medium-sized cities witnessed a month-on-month price rise in November, compared with 35 in October.

As a barometer of national housing prices, Beijing witnessed a 0.6 percent rise in the price of newly built commercial housing in November from the previous month, according to the bureau's statistics.