Scan 16 May 2024
9 hours ago
Yanlord --> A crazy view ???
Dont want to say so much...maybe i am dreaming.... =)
1st news:
Property Tax in 2010 Unlikely
Jan. 21 – The possibility of the government implementing property tax this year remains slim since more preparations need to be done despite pilot property tax programs already in place around the country. Since the start of the year, there have been speculation that Beijing may impose a property tax to cool down the real estate market which reported sales ballooning by 75 percent to RMB4.4 trillion last year. The chief economist with the think tank, State Information Center, Zhu Baoliang, told Reuters that it was unlikely that China would start collecting the tax this year. He said: “Property tax is a very complicated issue and will not be rolled out any time soon.” China will be very careful not to over tighten its real estate policies, Zhu added saying that it would wait and see the outcome of measures already taken. Real estate sales is an important factor to a country’s economy contributing 10 percent to the total gross domestic product.
2nd News:
SGX: YANLORD RECORDS NEW HIGH IN AVERAGE SELLING PRICES FOR APARTMENT LAUNCHES IN SHANGHAI AND TIANJIN
STI
STI been breaking all the support and these support become immediate resistance. It will be testing support of 2697 tomorrow. Whether it will break will be decided by All the major indices , SSE, HSI and DOW are extremely over sold. We should at least see some technical rebound. I will sidelined and will not initiate any new positions until it reach fibo retracement of .
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