31.08.2010 - China housing market seen bottoming out, new property tax “inevitable”
From Forbes.com: Investor worries that the government may further tighten China’s real market have cast a cloud over the country’s property stocks. Media reported this weekend that authorities consider prices to be too high, and are considering imposing new pilot real estate taxes in Shanghai and Chongqing. What’s ahead for China’s real estate market? Will new taxes be imposed and, if so, what form will they take? Forbes today in Shanghai talked to Steven McCord, associate director of research at Jones Lang LaSalle..............................................Full Article: Source
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