Corruption blamed for Zhejiang's soaring housing prices

A total of 67 officials were investigated or prosecuted for corruption related to land transactions in Zhejiang province last year.

The 67 officials, which include 15 senior officials above the rank of bureau chief, were prosecuted or remained under investigation in the first 11 months of last year, a source close to the Zhejiang judiciary told China Daily.

Rampant corruption within land allocation departments has been widely attributed to escalating property prices in the province.