| Though the property tax currently on trial has had a moderate impact on the property market so far, industry experts said it will have a bigger impact in the future as the program progresses.
The property tax imposed in Chongqing and Shanghai on a trial basis will be expanded by the end of this year, said Qin Hong, vice director of the policy research center of with the Ministry of Housing and Urban-Rural Development (MOHURD), Wednesday in Shenzhen that the State Council has made it clear that the government will expand the pilot property tax this year, though a final list of cities to be covered has not been decided...............................................Full Article: Source
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