国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

   

Real estate still appeals despite tax

By Hui Ching-hoo and Zhang Jin (China Daily)
Updated: 2007-01-20 11:17

HONG KONG: Most Hong Kong-listed property developers surveyed on Friday say China's new land appreciation tax will not seriously hurt their mainland operations and would not slow their pace of investment.

Nearly 90 percent of 26 Hong Kong-listed companies agreed "their level of mainland real estate investments will not be affected by the tax," according to a survey conducted by international accountant Deloitte Touche Tohmatsu.

Most of them said they have confidence in the mainland's real estate sector, while 33 percent said they would increase their investments by more than 100 million yuan.

There are now 118 companies listed in Hong Kong that have property or hotel operations on the mainland.

Some developers said they have already set aside funds to pay the tax because the industry has known it would be introduced one day. It becomes compulsory next month.

Neo-China Group says it has made a 100 million yuan provision for commercial projects in Tianjin.

"The tax is mainly targeting projects with high marginal profit," said Neo-China Vice-President Ronald Chan. "Most of our residential projects are low-end and small size, so the impact is very light on us."

Tam Lai-ling, chief financial officer and deputy managing director of Hopson Development Holdings, said the company has written off 340 million yuan over the years so "enforcement of the land apprication tax does not cause a sudden shock to the company."

A spokesperson of New World China Land also shrugged off the impact by noting "the policy has existed for a long time and we started to make provisions in1993."

Albert Tong, executive director of Tomson Group Ltd, said that the impact is very limited on his company as well.

"Since the company is free of debt and most of our projects are for lease, our business will withstand the effect of the measure," Tong said.

The land appreciation tax was introduced in 1993, but was collected on a voluntary basis. The central government said on Tuesday that it would be charged from next month on appreciation of the market value of land left undeveloped for three years after the measure takes effect.

The move is widely seen as an effort to curb the mainland's overheating property market and regulate developers who acquire a lot of land but do not develop it for years.

Analysts generally believed the tax would drag down profits as much as 60 percent.

But big developers may better withstand the impact due to their robust revenues.



Top China News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
休宁县| 南汇区| 晋江市| 九龙坡区| 梁平县| 玉林市| 漯河市| 绥芬河市| 台北县| 黄平县| 分宜县| 阜平县| 都江堰市| 威远县| 德安县| 富蕴县| 邵东县| 唐海县| 台山市| 土默特左旗| 张北县| 漯河市| 彰化市| 六安市| 得荣县| 原平市| 湖北省| 西乌| 龙江县| 沐川县| 手机| 阜阳市| 黄冈市| 陕西省| 化德县| 汉寿县| 祥云县| 唐山市| 宁化县| 长寿区| 名山县|