Beijing mortgage market dip in April
By Zheng Yangpeng | chinadaily.com.cn | Updated: 2013-05-13 13:42
Only 5,212 units of secondhand homes were contracted online in April, a plunge of 88.1 percent over March, according to Centaline Property, a housing brokerage company. Turnover in Beijing's housing mortgage market in April fell 40 percent over March, according to 5A Home Loan Services. Beijing's property control policies are the severest of China's cities. They include a 20 percent tax on profits from a homeowner's sale of property, and an increase in the down payment requirement for second purchases. New housing rules planned for migrants Property tycoon doubts real estate measures China's economic transformation 'hopeful' Property curbs make their mark in Shanghai
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