2012-11-02bloomberg.com

Policy makers last month imposed an extra 15 percent tax on all home purchases by companies and non-permanent residents, adding to steps to boost the supply of housing and tighten lending as an influx of buyers from other parts of China underpin soaring prices. Untouched is the major stimulant fueling prices: borrowing costs tied to the U.S. because of the Hong Kong dollar peg and growth linked to China.


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