Four more cities issue cooling details

Shenzhen, Tianjin, Jinan and Hefei have become the latest batch of cities to meet a central government deadline on issuing detailed measures to cool the property market.

Tianjin said a 20 per cent capital gains tax would be imposed on second-hand property transactions in the city. However, Shenzhen, Hefei and Jinan did not mention a capital gains tax specifically.

The State Council gave local governments until yesterday to say how they would implement measures announced on March 1 to cool the property market.

via Business feed http://www.scmp.com/property/hong-kong-china/article/1204245/four-more-cities-issue-cooling-details