Speed realty reform
China Daily | Updated: 2010-06-02 07:48
A government decision to usher in
property tax reform gradually, rather than at once, has spooked the stock market, already down 20 percent this year.
The ambiguity over the timeframe of its implementation may not go far enough in assuring homebuyers that it pays to be patient, as the proposed levy has the potential to drastically alter the cost of holding property.
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