Bloomberg News

China to Replace Home Purchase Limits With Info System, Taxes

October 27, 2011

Oct. 27 (Bloomberg) -- China will replace home purchase restrictions with a home owner information database and taxation system, China’s Minister of Housing and Urban-Rural Development Jiang Weixin said on a webcast today.

China plans to start a trial of the database in 40 cities, he said.

To contact the editor responsible for this story: Gregory Turk at gturk2@bloomberg.net


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