Shanghai is not the only city that implemented new real estate policies in November. Major cities across China are once again rolling out measures to curb the country's red-hot housing market.

Tianjin's local government announced a new round of tightening policies since September.Residents there applying for mortgages to buy their first homes will now be required to provide a 30-percent downpayment instead of the previous 20 percent.

Those who have one apartment and are still paying off the mortgage will be required to pay a 40-percent downpayment if they apply for another mortgage.

Another city took things even farther. Jinan in Shandong province announced a mortgage freeze for the rest of November. No banks in the city will be allowed to grant commercial mortgage to home buyers until December.

Analysts say the three-day ban would have a limited impact on the market but sends a strong signal from authorities to chill the market. Meanwhile, lenders and buyers were unsure if the loan stoppage would be extended deeper into December.

There are also measures aimed at home developers. Nanjing earlier this month tightened oversight of developers' financing sources when they bid at land auctions.

Meanwhile, Chengdu  announced that developers will need to clear their land transaction within three months of the auction, if the land was sold at a premium over 60 percent. Also, developers will be forbidden to increase the prices on the apartments they sell once they report them to authorities.

Other cities including Wuhan, Dongguan, Shenzhen and Hangzhou also rolled out tighter housing policies in November.