Mainland home sales plunged last month after local governments fell in line with control measures demanded by Beijing.
But agents and analysts said the impact of the measures was less severe than they had expected, and prices had held firm because some local authorities had not strictly enforced a 20 per cent capital gains tax ordered by the central government.
They said sales would improve next month and prices would continue to rise but at a slower pace.
via Business feed http://www.scmp.com/business/china-business/article/1230861/cooling-measures-cut-china-home-sales
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