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Loan Modification
: Mortgage Lender Implode-o-MeterShanghai to Limit Home Purchases, Introduce Property Tax, Government Says
By Implode-Explode Heavy Industries
Shanghai introduced new measures to curb soaring home prices including restricting home purchases to one per household, increasing the supply of residential land, and using a property tax to cool the real estate market.
?The government will proactively get well prepared for the introduction of the trial property tax,? the government said in a statement on its website yesterday.
Full post as published by Mortgage Lender Implode-o-Meter on October 08, 2010 (boomark / email).
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