Source: CCTV.com

03-05-2009 11:25

Guangdong's provincial government has released a new package to boost the real estate sector. The 15 measures include tax cuts for purchases of new and old homes.

Guangdong's provincial government has released a new package to boost the real estate sector.

The province will also lift restrictions on buyers from Hong Kong and Macao. Property developers will be able to delay paying land costs to governments for up to 2 years. Other measures to relieve capital stress for developers include allowing selected companies to issue bonds and introducing a real estate investment trust.

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Editor:Qin Yongjing