| On March 1, the government rolled out a regulatory plan to tighten control over the sizzling property market, including a new capital gains tax as high as 20 percent on secondhand home sales and higher down payments for second-home buyers.
However, newly released data for China's property sector in the first quarter of the year demonstrated a confused market, which will make clear-cut policy implementation a tough task, analysts said. Housing costs rose 0.5 percent month on month in March, with rent up 1.2 percent, the National Bureau of Statistics said Tuesday...............................................Full Article: Source
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