Reported 11 months ago
As the 'Property Hoarding Tax 2.0' is set to officially take effect in July, the 21st Century Real Estate Planning Research Center shared insights on the policy's impact on the real estate market and the potential changes it may bring. The adjustments in the policy mainly target non-owner-occupied homes held by owners from the fourth property onwards, aiming to collect more taxes from property hoarders and developers to stimulate the release of empty houses into the rental market. The new policy is expected to have a significant impact on multiple property owners and developers by increasing holding costs, unifying property registrations nationwide, reducing taxes for owner-occupied and rental properties meeting specific criteria, and providing tax incentives to encourage property release. The implementation of 'Property Hoarding Tax 2.0' may lead to increased housing supply in the short term and downward pressure on housing prices, although its long-term effects remain to be observed. Additional complementary measures from the government may affect the housing market, making it necessary to consider multiple factors when assessing future price trends.
Source: YAHOO