China Economic ReviewThe Wall Street Journal reported that China's property brokers are seeing a sales slowdown, signaling a cool-down in the country's decade-long property boom, a trend sought by Beijing's new tax policy on property sales, which stipulated a 5.5% tax on the full sale price of residential properties when sold within two years of purchase. State […]
To discourage speculation and stabilize housing prices, Beijing is adopting new measures to curb skyrocketing real estate prices, including a required business tax payment on sales of property held less than two years after purchase, state media reported. The rate was not reported and the requirement takes effect June 1. Other measures ask local governments […]
China has plenty of flawed ones, precious few good ones
Confidence is back, property values and stocks are bouncing back. Hong Kong is back, re-tooled with all pistons firing.
Vice-Premier Zeng Peiyan said reining in soaring property prices was a major economic priority, state media reported, adding that Zeng had urged local officials to redouble efforts to stabilize housing prices, which continued to rise by double-digit in bigger cities. The China Daily report also noted that Shanghai recently enacted a new rule requiring home […]