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China’s housing prices rise further

Posted on 19 March 2013

New-home prices in China rose sharply in February from January, prompting speculation that Beijing will crack down further on property speculation. The price increases follow Beijing’s vow to implement a 20% capital-gains tax on sales of second homes, further home-purchase restrictions and stricter credit regulations for second-home buyers to cool the market.
The statements hit the share prices of property developers but have also prompted a flurry of home-buying activity in China in recent weeks………………………………………..Full Article: Source


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