Stringent measures to curb speculation in real estate offer home buyers a two week’s window of opportunity, writes real estate consulent Sam Crispin in Chinabiz today. From June 1 a new tax of five percent of the total sales value on properties will be implemented for real estate bought and sold within two years.
While it does not affect the owners who are living in apartments themselves, speculators might be hard hit and try to get rid of much of their property before June 1.
A short term sell off does seem inevitable and thus price falls at heat comes out of the market. Anyone looking for a bargain may like to try picking something up before the end of this month, sellers could well be rather flexible to avoid paying caught up in the tax trap, but better be quick. In other cases some buyers might… simply try to add the news costs onto the sales prices, but are unlikely to get away with that one.
China Herald Angel investor service
A market place for great projects, looking for initial investment
An online information service for wages and labor information wants to expand to China. With leading academic institutions as partners the service is bound to be a leading information provider on the Chinese labor market. The service is already running in nine European countries and will expand to India, the USA, Latin America, Japan and South Korea. For a first round of investment the project is currently looking for USD 500,000.I nterested? Ask for more details at the new angel-investor service of the China Herald
A medical trade magazine with great future in China looks for an angel investor for USD 200,000. Interested? Ask for more details at the new angel-investor service of the China Herald
(Having a great idea for a business in China and looking for exposure to get seed money? Try this 'no cure, no pay' service by the China Herald.
0 comments:
Post a Comment