Real Estate Taxes Slowed Due to Market Forces

The pace of reform in real estate taxation has slowed due to the economy and won't pick-up until the market recovers.

With the property market to pick up this year, it is expected next year or two will be re-advance according to the original rhythm estate tax legislation.

iFeng: 国家官员谈房地产税 将在市场回暖后继续推进 (State officials discuss the real estate tax; Will continue to advance after the market warms up)

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