Crusade won't cool property market in Shanghai

BEIJING, June 22 -- Tomson Riviera, the most expensive apartment complex in Shanghai, is up against a crusade. But it is a crusade that is unlikely to help slow rising property prices, as authorities expect. It may, in fact, violate the principles of a market economy. The Shanghai Housing, Land and Resource Administration Bureau recently announced a probe into several luxury property projects, including Tomson Riviera, on the east bank of the Huangpu River.