Home / Business

Top builder Vanke gives thumbs up to property tax legislation

By Lin Jing | China Daily | Updated: 2014-03-07 08:17

Property tax legislation will be positive for the whole sector, said Yu Liang, president of China Vanke Co, the largest property developer in China.

"Reform in property tax is inevitable. It will affect the whole industry in a positive way," said Yu on Thursday, adding the company will actively participate in the construction of government-subsidized housing.

Lee Wee Liat, head of financials and property research with BNP Paribas SA, said the property tax will not rein in property prices because it is mainly aimed at speculative demand.

Top builder Vanke gives thumbs up to property tax legislation

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349