China slashes taxes on real estate transactions

SINGAPORE : Beijing has unveiled its latest move to cut mortgage down-payments to 1.5% from the current 2% for those buying new houses, a move aimed at clearing housing glut. Channel NewsAsia’s Jeremy Koh reports.

Source : http://www.channelnewsasia.com/tv/newsvideo/china-slashes-taxes-on/2530834.html

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