2012-08-09

Central government isn't kidding, real estate will be brought to heel

Evidence that the central government is indeed afraid it is losing control of the market.

China May Set New Property Controls Soon, Securities Says
The government has some room to issue more policies, including raising the transaction tax on existing homes and expanding a property tax trial, the newspaper reported, without saying where it got the information. The policies will be based on inspection results and likely be this month as the government may want to avoid the traditional property sales season in September and October, it said.

1 comment:

  1. Its better to bring real estate to heal gradually, as opposed to waiting until the bubble bursts in a very damaging way.

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