For all of you who have been waiting on the sidelines of China’s real estate market waiting for the bottom, or were scared off a couple years back with all those nasty taxes, “the light is visible” for opportunites.

At least that is what a text message from a real estate agent just said.

According to the text, the following changes are going to go into effect on November 1, and it is clear that these changes are meant to stimulate investment.

• deposit down to 20%
• no stamp tax
• land value increase tax eliminate
• if under 90m, the deed tax is down to 1%

There are some for first time buyers that we could not fully make out as well

Stumble it!