China considering ban on unfinished flats sale
(Agencies)
Updated: 2007-07-26 17:00
Updated: 2007-07-26 17:00
BEIJING -- China is considering implementing a ban on the sale of unfinished apartment units as part of a series of measures to slow investment and price growth in the real estate sector, the National Development and Reform Commission (NDRC) said.
The state planning agency said any such ban will be trialled in certain first and second-tier cities where real estate price growth has been particularly strong.
Other proposals include assessing a differential tax rate for on sales of multiple properties, and implementing various fiscal disincentives on luxury flats.