Wednesday, December 17, 2008

New rules ...

New rules for real estate purchase... Just announced but have to reconfirm:

1) no property tax

2) no capital gain tax if apartment is sold after 2 years. Previously is 5 years. Now this is huge. With price went up over 5 to 6 folds in 4 years, everyone will sell. But any buyers though.

Once I read thru the new policies more, will post here.

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