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China: New property curbs spark heated debates

Posted on 05 March 2013

Newly-issued property curbs to reduce housing speculation and cool the overheated property market have stirred fierce discussion online. As of Monday, Sina Weibo users had posted more than 1.5 million comments to voice their recognition of, or concerns about, the policy that features a much higher tax on used home transactions.
On March 1, the central government announced an array of measures comprised of higher transaction duties, increased down payments and mortgage interest rates, and strict purchase qualifications to further tighten its grip on the real estate sector………………………………………..Full Article: Source


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