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New Property Taxes In China – Will this Crash their Housing Market?

China President XI Jinping is calling for Property Tax. Will this be the final nail in the coffin for China’s housing market?

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Comments

  1. A property tax is Xi's answer to the the lying flat movement. The property tax will address the number of residents in a property and ensure there is no option but to continue to work to keep a roof over your head, even if you live in a multi generational family home without a mortgage, more so than addressing wealth inequality.

  2. Chinese property is the ultimate bubble, take a city like Shenzhen, the price to income ratio is 47 times. This is ridiculous enough but on top of that there are no property rights, the absolute longest period you can hold a property is 70 years. The developer leases the land for this period of time from the government if they take 20 years to build then you only own it for 50. So you pay 47 years earnings to lease a property for at best 70 years, makes sense!

  3. Aus sells China with a population of 1.4b the iron ore and coal it needs to manufacture for the world. Aus should have a city like Dubai from the tax revenue alone our population is only 25m wheres the money going ?

  4. Classical liberals recognized that exclusive access to land is a privilege: therefore Land Tax is not a fee for using land, but a fee for the state privilege of denying use of that land to everyone else. In addition, Land Tax is the only tax that does not fall on productivity… perhaps Chinese are into something :-).

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