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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Meanwhile, the introduction of a trial property tax in some cities will be implemented nationwide, the article said. Shanghai, Shenzhen, Beijing and Chongqing are believed to be the first batch of cities to face the tax. Read More

China Economy | Sep 30, 2010 PM | Related China stories:property market

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