The required down payment for some second homes was lowered to 40 percent from 60 percent, the People’s Bank of China said on its website. The finance ministry later said select homeowners will be exempted from a sales tax if they sell after holding a property for two years or more. The previous minimum to avoid the 5.5 percent tax was five years.
Macro Afternoon
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Everything but local stocks had very solid sessions across Asia today on
the back of renewed optimism across Wall Street overnight as some softer
PMI num...
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