[QODLink]
Asia-pacific

New tax alarms China housing market

New government policy to impose capital gains tax driving China's real estate market into frenzy.

Last Modified: 31 Mar 2013 06:41
Email Article
Print Article
Share article
Send Feedback

Thousands of people in China are rushing to either buy or sell their properties.

They are trying to avoid a new capital gains tax, which is expected to go into effect next month.

It is part of government measures to cool down China’s booming property market.

Al Jazeera's Rob McBride reports from Hong Kong.

54

Source:
Al Jazeera
Email Article
Print Article
Share article
Send Feedback
Topics in this article
People
Country
Organisation
Featured on Al Jazeera
Your chance to be an investigative journalist in Al Jazeera’s new interactive game.
An innovative rehabilitation programme offers Danish fighters in Syria an escape route and help without prosecution.
Street tension between radical Muslims and Holland's hard right rises, as Islamic State anxiety grows.
Take an immersive look at the challenges facing the war-torn country as US troops begin their withdrawal.
Featured
Private citizens take initiative to help 'irregular' migrants, accusing governments of excessive focus on security.
Indonesia's cassava plantations are being killed by mealybugs, and thousands of wasps have been released to stop them.
Violence in Ain al-Arab has prompted many Kurdish Syrians to flee to Turkey, but others are returning to battle ISIL.
Unelected representatives quietly iron out logistics of massive TPP and TTIP deals among US, Europe, and Asia-Pacific.
Led by students concerned for their future with 'nothing to lose', it remains to be seen who will blink first.