Property tax exposes Chinese pragmatism

The government’s new measures targeting the housing industry have had a big effect on divorce rates, but will not impact large players such as China Vanke.

No sector exposes China’s pragmatism as thoroughly as the country’s property market, as evidenced by the reaction to the government’s recent measures to cool the housing market.

In the week after China announced a 20% capital gains tax on the sale of second properties, divorce rates sky-rocketed as couples particularly those living in tier-one cities sought to dodge the property tax through sham separations.

Registry officers who were used to only a...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES