China moves to make homes more affordable with pilot tax programme

BEIJING – Office manager Wang Bing is hoping that China’s latest experiment with property taxes will drive down red-hot home prices in Beijing, where he has been living and working for the past five years. 

He and his wife, whom he met in Beijing, have no children but want to raise them in the future in the capital city. Central to the Wangs’ plan is owning a home in one of the world’s most expensive housing markets. 

Please subscribe or log in to continue reading the full article.

  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.

Join ST’s Telegram channel here and get the latest breaking news delivered to you.

Source: Read Full Article