SUBSCRIBERS
Chinese authorities to relax sales tax on homes: report
Published Mon, Oct 20, 2014 · 09:50 PM
Beijing
CHINESE authorities are likely to relax the sales tax on existing homes, the Beijing-based China Securities Journal reported on Monday.
Under the new policy, sales of a second home purchased no less than two years prior will be exempt from a 5 per cent tax on the transaction price, said the daily, citing well-placed sources.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
FLASH: Singapore office rents in central region fall 1.7 per cent in Q1 over Q4: URA
Homebuyers shun new real estate in Vancouver, hurting builders
US pending home sales jump in March to hit highest in the year
Blackstone strikes US$1.6 billion student housing deal with KKR
European real estate deals slump to lowest level in 13 years
Singapore Q1 industrial rents rise further as occupancy dips and prices fall: JTC