Property tax to be levied on extra parts of apartments

2012-11-28 04:10:45 GMT2012-11-28 12:10:45(Beijing Time)  SINA English

By Hu Longhua, Sina English

The Chinese Academy of Social Sciences (CASS) advises the government to levy property tax on the part of houses that exceeds 40 square meters per capita, regardless of the nature of houses, in its report released on November, 28.

According to the report , the main contradiction of China's housing market is that housing price is beyond people's buying capability.

It also points that the goal of housing security is to make sure that city dwellers can have "affordable , reasonable and comfortable living space".

Editor: Yu Runze
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