Jerry Lou, Hong Kong-based China strategist at Morgan Stanley, said in a note China is unlikely to impose such a levy on homes this year because it would likely have an “immediate negative impact” on the property market and the authorities are targeting a “soft landing.”
Hingyin Lee, Colliers CRE Plc’s director of research and advisory for eastern China, said at a briefing that China won’t introduce a property tax this year because the government wants to keep the real-estate market stable.
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