Using US property tax model.

The skyrocketing property prices in China is the main big concern to the authorities. They are trying to evaluate the American model of property taxation.Introducing new or higher taxes on real estate can help cool down a booming property market now widely being described as a bubble.
The construction boom is the main driver of the current recovery in China, and is one of the few parts of the world economy growing strongly right now. Construction also underpins China's demand for raw materials, which has helped support global prices for commodities, such as copper and iron ore.
The current imposition of stamp duty, an income tax and a transaction tax are still not sufficient enough.Furthermore it's not a secure revenue for the local authorities in the longer term.
A more radical change would be to start levying an annual tax based on the value of people's homes—the kind of property tax that a homeowner in the average U.S. suburb would be familiar with.This can dampen speculative demand and to increase the costs of holding property for wealthy people.
In New York State, the real property tax is a tax based on the value of real property and there is no personal property tax, which is a tax on personal items, such as cars and jewelry.The amount of a particular property's tax bill is determined by two things: the property's taxable assessment and the tax rates of the taxing jurisdictions in which the property is located.Real property is defined as land and any permanent structures attached to it. A property's assessment is based on its market value. Market value is how much a property would sell for under normal conditions.

The Monday26/04/10 is 19 days to index futures expiry.
Asian Index futures expiry 30/04/10.

9:30am:--Strong earnings from Caterpillar (CAT 72.72, +3.94) boosted the opening,a gap up with an early opening slide on news Treasury selling part of 7 billion shares in Citigroup.

10:30am:--A shooting star near session high.Shares of Goldman Sachs (GS 153.43, -3.97) remain under stiff pressure.

11:30am:--A morning high with bearish spinning top.

12:30noon:--Pullback time to near MAV support,a slight bearish short-cover.

1:30pm:--Bears bringing index down to MAV support.

2:30pm:--A retracement to bull pivot hampered by a hangman.

3:30pm:--Sudden spike down to the bear pivot support.

4:00pm:--Closing at the day's bear pivot.Financials remain a primary source of weakness for the broader market.

A very choppy and volatile week as seen by the many doji candlesticks with long upper and lower shadow.Furthermore each has a white body reflecting the bulls in control,if it's a black body then have to watch out for the bears.

Investors shied from big-name banks ahead of a Senate vote expected this evening on reforms that could require Wall Street firms to spin off their derivatives-trading desks if they want to receive federal assistance in future crises.