Guangdong province is instituting a 15-point stimulus package to help its ailing property sector, a move that sharply lifted stocks in the industry yesterday.
Guangdong is cutting taxes on home purchases and lifting restrictions on buyers from Hong Kong, Macau and Taiwan.
The provincial government also said it would allow developers to delay payment on land purchases made last year for as long as two years.
It would also allow developers to pay the land appreciation tax in instalments.
The government also encouraged local developers that have listed abroad to sell A shares on the domestic market.
South China Morning Post