Shanghai home prices rose by over 7 per cent last year despite property taxes levied by the municipal government. Photo: Reuters

Low property taxes fail to curb rise in home prices in Shanghai, Chongqing

Levies imposed in 2011 and designed to cool the property markets in Shanghai and Chongqing are too low to have any effect, say analysts

Topic |   China property

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Shanghai home prices rose by over 7 per cent last year despite property taxes levied by the municipal government. Photo: Reuters
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