Lui Huali, whose family owns three apartments in Shanghai, is planning to sell one in case the city decides to raise the tax it imposes on residential properties as part of efforts to cool the market.Her decision, like that of many besides her, comes as the central government prepares to trial a new property tax in selected regions across the country. The recent announcement of a five-year pilot programme has prompted speculation that the existing levies in Shanghai and Chongqing – the only…
Source : South China Morning Post
Read more…Shanghai’s multiple-home owners look to offload units as threat of higher property tax looms
