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Yea, this 15% does make a difference.
I know a purchaser who chose a property on the upper end of their price range and was able to find a property they liked. If this 15% kicked in, they would be forced to look into a lower bracket of the range.
IMO this seems like this affects a lot of people that are in the middle class overseas attempting to move here.
As for the numerous ridiculously wealthy mainland Chinese buyers, this does not affect them at all. If they were smart, I would even suspect them to diversify their RE portfolio in to the condo/apartment sector rather than single family homes or land. And for the buyer that is just trying to ship out their money in attempts to wash or get their money out of their country, they would be purchasing large commercial/industrial/retail buildings (no 15% tax).
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