BEIJING: A report that China will not introduce a property tax during the next three years was incorrect, a senior government researcher said on Monday, May 24.
Chinese property shares soared 5% after a weekend report that Beijing would delay implementing a housing tax for at least three years, a tightening measure that analysts say would go a long way toward cooling the market.
The original report in the China Times, a Beijing-based newspaper, cited Huang Hanquan, a researcher at the powerful economic planning agency.
But when contacted by Reuters, Huang said he had been misquoted.
SHARE
TOP PICKS BY EDGEPROP
RENT
FEATURED
Menara HLX (formerly Menara HLA)
KL City Centre, Kuala Lumpur
RM 12,580
- beds |
- bath |
2300 sqft
RENT
FEATURED
The Hills, Horizon Hills
Iskandar Puteri (Nusajaya), Johor
RM 1,500,000
4 beds |
5 bath |