The proposed property tax is part of a wider ‘common prosperity’ programme to enhance housing affordability and rein in galloping property prices. Photo: AFP
The proposed property tax is part of a wider ‘common prosperity’ programme to enhance housing affordability and rein in galloping property prices. Photo: AFP

China’s new property tax may prompt owners of multiple homes to sell down their holdings before prices take a hit, say analysts

  • With the new levy bound to undercut house prices, agents said those investors might need to offer steep discounts if they want to sell fast
  • The proposed property tax is part of a wider ‘common prosperity’ programme to enhance housing affordability and rein in galloping property prices

Topic |   China property
The proposed property tax is part of a wider ‘common prosperity’ programme to enhance housing affordability and rein in galloping property prices. Photo: AFP
The proposed property tax is part of a wider ‘common prosperity’ programme to enhance housing affordability and rein in galloping property prices. Photo: AFP
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