Some developers predict the real estate correction could last until 2016 as record sales in the past few years have almost exhausted end-user demand.

China's VAT reform to impact developers in cooling market

Property and construction sectors likely to see introduction of 11pc value added tax next July, forcing them to overhaul business practices

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Some developers predict the real estate correction could last until 2016 as record sales in the past few years have almost exhausted end-user demand.
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