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Ministry mulls higher tax on short-term property transactions to check speculation

Ministry mulls higher tax on short-term property transactions to check speculation

The Ministry of Justice is considering higher tax rates on short-term property transactions to combat speculation.

Property tax needed to prevent land hoarding: minister

Property tax needed to prevent land hoarding: minister

High taxes on property speculation are needed to contain the surge in property prices, Minister of Natural Resources and Environment Tran Hong Ha has said.

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