Cooling the Chinese Property Market

I was out with a realtor viewing properties all day so I'm tired and won't write much. Here are the anti-speculation measures recently put into effect here (I think):

• The central government imposed a 5 percent sales tax on the full proceeds of homes sold after less than two years of ownership
• The central government increased the interest rate for a five-year mortgage by 20 bp to 5.51% and the mortgage down-payment to 30% from 20% in areas deemed speculative
• The central government imposed a capital gains tax on luxury property resold within two years