The
announcement follows previous rounds of checks of property
developers and agents this year as China looks to develop a more
stable and healthy market for home sales.
The housing bureau said the developers were guilty of false
advertising, spreading rumors, carrying out presales without
certificates and secretly charging additional fees.
Overheating in China's property market in recent months has
become a serious concern for policymakers. More than 20 cities
have adopted restrictive policies to prevent speculative buying
that could further fuel price bubbles.
The Ministry of Housing and Urban-Rural Development in October
said it would crack down on nine irregular business activities
by real estate developers.
(Reporting by Elias Glenn; Editing by Nick Macfie)
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