China approves testing property tax in some cities

China’s State Council announced that it would allow some cities to impose a property tax on homeowners a day after releasing a broader set of measures aimed at taming housing prices. Shanghai and Chongqing would be the first cities to experiment with the new property tax on a trial basis.

January 28, 2010, BEIJIG - Shanghai and Chongqing will launch the first-ever property tax for second-home buyers, part of a series of government measures to curb soaring prices and real-estate specul...   Full Story

China Economy | Jan 27, 2011 PM | Related China Story:Property tax

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Property price

China issues new measures to tame property market

China released several government measures on Wednesday aimed at curbing the growth of housing prices and preventing a property bubble from threatening its fast-growing economy. Read More

China Economy | Jan 26, 2011 PM | Related China stories:Property price

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