The Beijing, Tianjin and Hebei governments are teaming up to intervene and stop speculation in the real estate market, senior officials said.

Tongzhou district, Beijing's subsidiary administration center, is forming a realty regulation enforcement alliance with Tianjin's Wuqing district and Langfang in Hebei province - the two latter areas within easy reach of the capital - to target market speculators and errant property agencies.

Wu Diandong, deputy head of Tongzhou Commission of Housing and Urban-rural Development, said at a working conference in Beijing that the new alliance of the three local governments will improve market supervision and hit speculation in cross-border housing sales.