The largest real estate company in China, Vanke Co., Ltd, was told to stop its Lake Side "Festival City" project in Hebei's Xianghe County on May 23, and many other well-known real estate companies that are developing large projects in the area were also requested to suspend the construction and sale of property, in order to cooperate with a Ministry of Land and Resources investigation into violations concerning land use. The following day Hebei provincial supervisory department removed or punished nine Xianghe County officials. Hundreds of people who bought houses in this area may have their contracts annulled.

Source
21st Century Business Herald

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