After China announced plans to roll out a nationwide property tax to help address wealth inequality, concerns were raised that it would become the last straw to break the back of the beleaguered real estate sector, the South China Morning Post reported.
The policy will not take immediate effect and China will first carry out pilot schemes for the next five years in several selected cities, and while it is highly likely it will happen, the when factor has become increasingly important.
Read the full report: South China Morning Post
READ MORE:
China Property Shares Drop On Tax Worry, Signs of Weakness
China Property Hit By Convergence Of Demand, Supply Declines
The post How Tax Could Break China’s Property Sector: SCMP appeared first on Asia Financial.
0 Commentaires