Shanghai to reduce real estate transaction taxes: State media
Mon, Nov 18, 2024 2:01 PM

Shanghai to reduce real estate transaction taxes: State media

A Flip by Avya Verma
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Shanghai said on Monday it would reduce some taxes on real estate transactions from Dec. 1, according to state media, a move designed to support the property market in China's second-largest city. China has been aiming to bolster the crisis-hit property market by increasing demand and easing developers' financial difficulties, with its finance ministry last week.

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