An aerial view of the Evergrande Changqing community in the Hubei provincial capital of Wuhan on September 26, 2021. Photo: Getty Images
An aerial view of the Evergrande Changqing community in the Hubei provincial capital of Wuhan on September 26, 2021. Photo: Getty Images

China may delay its much-feared property tax amid price slump in nation’s real estate industry

  • China’s legislature authorised the expansion of the property tax from Shanghai and Chongqing to more cities
  • The rapid deterioration of the property sector fans speculation that the detailed implementation may have to wait until the market picks up, analysts said

Topic |   Property policies
An aerial view of the Evergrande Changqing community in the Hubei provincial capital of Wuhan on September 26, 2021. Photo: Getty Images
An aerial view of the Evergrande Changqing community in the Hubei provincial capital of Wuhan on September 26, 2021. Photo: Getty Images
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