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Shenzhen announces tougher measures for new flats

By , on March 13th, 2013

<!– google_ad_section_start –> Days after China’s State Council introduced a 20 per cent capital gains tax on home sale profits, Shenzhen announced even tougher measures for new flats.  According to Cainxin.com, developers are now banned from selling flats at higher prices than the previous month. This means new flats will be sold at fixed, if not declining, prices throughout the year. <!– google_ad_section_end –>

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Shenzhen announces tougher measures for new flats

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