房产税试点即将开始Trial property tax may be levied by March

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source: Chinadaily

The Chinese government's macro-control measures are still affordable for the real estate industry, and the government might introduce a trial property tax before March, 2011, Shanghai Securities News and China Securities Journal reported on Monday, citing Nie Meisheng, president of the China Real Estate Chamber of Commerce.
The central bank's recent interest rate increase did not solely target the real state market, but real estate was the industry most affected by the decision, Nie said at a business forum held in Chongqing.
Nie also said that a property tax might be implemented on a trial basis before March 2011. A total of 600 million square meters of housing properties were sold from January to September. Most listed real estate companies have completed their annual sales plans, so the government's measures are still affordable for the industry, she said.
In addition, Nie suggested that new real estate proposals -- including land grant fees, and land bidding and auction rules -- should be considered in the 12th Five-Year-Plan (2011-15).