Property bubble fears mount for the Xiongan New Area

Property prices should not be allowed to spiral out of control in the Xiongan New Area when development gathers pace.

Wu Hequan, deputy director of the Council of Experts for Coordinated Development of the Beijing-Tianjin-Hebei Region, issued the warning at a forum on urban construction in Beijing.

"There have been many places in China where house prices have risen too quickly," he said.