Mingtiandi

Asia real estate and outbound investment news

  • Facebook
  • LinkedIn
  • RSS
  • Twitter
Sign Up / Login Logout

Lost your password?
Register
Forgotten Password
Cancel

Register For This Site

A password will be e-mailed to you.

  • Capital Markets
  • Events
    • Join the Mingtiandi Proptech Forum 2021
      • Asia Proptech 2021: COVID-19 Accelerates a Trend
      • Panel Talk: Tech Adoption in Logistics Real Estate
    • Promote Your Brand with the Mingtiandi Proptech Forum 2021
    • 2021 Mingtiandi Event Calendar
    • More Events
  • MTD TV
  • People
  • Logistics
  • Asia Outbound
  • Retail
  • Design & Construction
  • Research & Policy
  • Advertise

China May Announce New Real Estate Controls This Month

2012/08/11 by Michael Cole Leave a Comment

China to announce new real estate restrictions

Will tightening the leash bring prices to heel?

New restrictions on China’s real estate market may be on the way as soon as this month, according to a recent article in the official China Securities Journal.

The decision regarding new curbs on the property market is set to follow the return of government inspection teams to Beijing after a review of real estate policy enforcement in the provinces.

China sent eight teams to 16 provinces during July to check on the implementation of its property curbs, and the nationwide check is aimed at “firmly” restraining property speculation and consolidating results of the curbs, the central government said on its website on July 25.

The Securities Journal suggested, depending on the results of the inspections, that the new policies could include raising the transaction tax on existing homes and expanding a property tax trial. The article also predicted that the measures may be put in place during August to avert further increases in property prices as the the market goes into its traditional high season during September and October.

In another official sign of the government’s intention to rein in property prices, an article in the China Daily predicted the spread of a property tax system following the government’s announcement of property tax training sessions for local tax bureau staff.

According to the article, more than 70 cadres from local tax bureaus are receiving training about the property tax system at Renmin University in Beijing. However, an official with the Ministry of Finance that was interviewed for the article indicated that a national property tax is not likely to be implemented before March 2013.

The renewed determination to control housing prices followed a substantial market rebound in July, when residential real estate prices rose 0.3 percent over the rate in June.

According to Caixin Online, the government’s inspection teams criticized the provinces of Hubei, Hunan, Hebei and Shandong for failing to strictly enforce the government’s real estate restrictions.

Related Stories

  • Guangzhou and Shenzhen Impose New Real Estate Restrictions – and more of Today’s China Real Estate Links | April 2, 2013
  • Beijing Bans 2nd Homes for Singles – Divorce Rate Expected to DropBeijing Bans 2nd Homes for Singles – Divorce Rate Expected to Drop
  • China Property Tax Panic Leads to Sliding Real Estate StocksChina Property Tax Panic Leads to Sliding Real Estate Stocks
  • Why is the Chinese Govt Afraid of Implementing Property Taxes?Why is the Chinese Govt Afraid of Implementing Property Taxes?

Share this now

  • LinkedIn
  • Share
  • Tweet
  • Email

Filed Under: CRE News, Research & Policy Tagged With: Caixin, China property tax, China real estate policy, China residential real estate, Home Purchase Restrictions, Property-tax, real estate market, Transfer tax

MTD Proptech Report Download

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Yardi Commercial Cafe

Get Mingtiandi Delivered

MTD Proptech Report

Latest Stories

Sherman Kwek CDL

Singapore’s CDL Warns of Loss After China Developer Investment Swells to $1.4B

Alibaba Unit Leases Most of ARA, Chelsfield SG Project and More Asia Real Estate Headlines

Andrew-Slevin-John-Foord (4)

Insurtech to Help Address Underinsurance Across Asian Real Estate Assets in 2021 Sponsored Feature

Chief Investment Officer for Asia, Hines

Hines Hires New Asia Investment Chief as Fund Management Business Grows

Sponsored Features

Andrew-Slevin-John-Foord (4)

Insurtech to Help Address Underinsurance Across Asian Real Estate Assets in 2021 Sponsored Feature

CK Lau

Asia Pacific Logistics Sector: Increasingly Varied Sector Requires Multiple Approaches Sponsored Feature

COVID-19 Uncertainty Creates New Priorities for Real Estate Investors Sponsored Feature

Urban planning

Urban Placemaking with Big Data and Little People Sponsored Feature

More Sponsored Features>>

MTD-QR-Code-320

Top Stories

Eagle Hospitality Trust Hotels Declare Bankruptcy as Singapore REIT CollapsesEagle Hospitality Trust Hotels Declare Bankruptcy as Singapore REIT Collapses

Hines Hires New Asia Investment Chief as Fund Management Business GrowsHines Hires New Asia Investment Chief as Fund Management Business Grows

Blackstone Closes on $1.1B China Logistics Deal and More Asia Real…Blackstone Closes on $1.1B China Logistics Deal and More Asia Real Estate Headlines

Tech Adoption in Asian Real Estate: Download the ReportTech Adoption in Asian Real Estate: Download the Report


Connect with Mingtiandi

  • Facebook
  • LinkedIn
  • RSS
  • Twitter

Real Estate News

  • Capital Markets
  • Events
    • Join the Mingtiandi Proptech Forum 2021
      • Asia Proptech 2021: COVID-19 Accelerates a Trend
      • Panel Talk: Tech Adoption in Logistics Real Estate
    • Promote Your Brand with the Mingtiandi Proptech Forum 2021
    • 2021 Mingtiandi Event Calendar
    • More Events
  • MTD TV
  • People
  • Logistics
  • Asia Outbound
  • Retail
  • Design & Construction
  • Research & Policy
  • Advertise

More Mingtiandi

  • About Mingtiandi
  • Contact Mingtiandi
  • Newsletter Subscription
  • Terms of Use
  • Privacy
  • Advertise
  • Join the Mingtiandi Team

We use cookies in accordance with our Privacy policy to provide the best user experience on Mingtiandi and to safeguard user data. By continuing to browse you consent to the policy. AcceptRefuse