| 10.10.2008 - China set to ease property policy by year-end |
| From Reuters: Fresh from easing monetary policy for the second time in under a month, China is gearing up to loosen its grip on the property market as it strives to safeguard growth in the face of global financial turmoil. Beijing may allow residents to borrow more under a subsidized mortgage scheme and cut transaction taxes to spur property purchases. It may also give developers more time to pay various fees and taxes to ease their cash-flow strains, analysts said...... Full Article: Source |