Capital gains tax on second-home transactions hits property prices

On average, prices rose 0.61 per cent, against 0.65 per cent in March. But on a year-on-year basis, average new-home prices rose 4.9 per cent in April, according to a Reuters calculation based on bureau data - higher than the year-on-year increase of 3.6 per cent recorded in March.

via Business feed http://www.scmp.com/news/article/1240913/capital-gains-tax-second-home-transactions-hits-property-prices