Latest News:  

English>>Business

Secondhand-house turnover in Beijing tumbles

By Zheng Yangpeng (Chinadaily.com.cn)

08:26, May 07, 2013

The turnover of secondhand houses in Beijing during the May Day holiday hit a multiyear low as potential homebuyers waited for clarification of the personal-gain tax.
The May 1 holiday period saw only 172 online deals, Beijing's housing authority said.

Zhang Xu, an analyst with Homelink, a house brokerage, said potential buyers are waiting for clarification of the income tax, and the previous buying spree has exhausted much demand.

China's latest property-control policies, which include a 20 percent tax on profits from homeowners' housing sales, have created a secondhand property purchasing spree as people rush to buy before the measures take effect. Though major cities have clearly stipulated a 20 percent gain tax on secondhand house deals, many smaller cities have not clearly included the stipulation in their local version of property control.

We Recommend:

Top 10 biggest Chinese companies 2013

Housewives' gold rush keeps price from falling

Models pose for Fuzhou Auto Fair

Antique auto show kicks off in New York

China's CAS to buy 60 Airbus planes

2013 Tianjin auto show kicks off

Email|Print|Comments(Editor:WangXin、Chen Lidan)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. China's WZ-10 armed helicopter

  2. Pakistani soldiers carry electoral materials

  3. Photos of the week (April 29 - May 5)

  4. Crackdown on sale of overused pesticide

  5. People have pets trimmed

  6. Beijing welcomes longest subway line

  7. Hong Kong's ducky desserts popular

  8. Rare pigeon blood rubies

  9. Top 10 most profitable public companies

  10. Spring hopes maids will draw numbers

Most Popular

Opinions

  1. North Korea testing limits of tolerance
  2. China's multifaceted financial diplomacy benefits all
  3. H7N9 won't affect China’s economy significantly
  4. Private retirement system to benefit China
  5. Bill Gates: Innovation from China boosts agricultural development in Africa
  6. Not much stomach for mutton over fear of fake
  7. South Korean President Park's US visit carries hope
  8. Young Chinese face hard road to happiness
  9. Commentary: Abe walks on dangerous path
  10. Celebrity diving show 'excessive': People's Daily

What’s happening in China

2 killed, 1 injured in man's street knife attacks in Beijing | Attacker named

  1. China reports 2 new H7N9 cases
  2. Vast transport network to link Disneyland
  3. 1,100 remain hospitalized after Lushan quake
  4. Ford Mondeo airbags fail to explode in accident
  5. Free dictionaries found to be pirated