In an attempt to rein in the overheating real estate market, Chinese authorities have banned the local government from selling land above record highs.
The Ministry of Land and Resources also said it will raise the supply for public rental housing and fixed-price small- and medium-sized units this year.
Local authorities will be required to report their available land supply to the central government in April, July and January.
Tightening measures on home purchases in first-tier cities have pushed buyer demand to second and third-tier cities.
Third-tier cities like Wenzhou, which is currently one of the hot real estate markets in the country, have already imposed tightening measures to limit potential buyers from buying second homes.
Home prices in the city have increased to up to 80,000 yuan (HK$94,755) psm.
Potential buyers have to submit proof of income and social security taxes paid for at least one year before they can purchase their first home.
To date, 28 mainland cities have launched measures to limit home purchases.
Under the tightening measures, only 60 housing projects in Shanghai have gone ahead with shows for buyers, a decrease of 80 percent from a year ago.