Yet in most cities, says Jinsong Du of Credit Suisse, it is ever easier to circumvent the rules.

ECONOMIST: China��s economy

Du Jinsong, head of Asian real estate research at Credit Suisse, says developers are starting to follow their customers into offshore markets.

FORBES: Building Out (of China): Property Tycoons Follow Wealthy Customers Overseas

Prices on a few projects in Beijing and Shanghai have already been raised as buying appetite has reappeared, driving officials to reiterate that the control measures are here to stay, said Jinsong Du, a Credit Suisse analyst.

WSJ: China March Property Prices Declined