China will impose a tax on residential........>

CHINA: China will impose a tax on residential property, but not soon, at least

in a few years, property experts and market insiders said in a property forum in

Beijing on Monday.        

- China's property tax will not come soon, maybe in 2020 at the earliest, and it

would take even longer for specifics to be decided at the local level, Ouyang

Jie, who are involved with the government in some discussions on property

controls, and deputy CEO of Future Land, said. 

 - The property market will continue to develop stably, without large

fluctuations, and policy controls will not be largely loosened, at least not

during President Xi's administration: Ouyang 

 - China's high housing prices are driven by their own forces, decided by market

factors, with houses different from other goods: Dong Fan, director of the

Property Research Institute at Beijing Normal University.