In the first three months, contract tax revenue jumped 38.3 percent.

Revenue from property tax went up 48.2 percent and from value-added tax by 34.7 percent, according to the ministry's taxation department.

Total tax revenue hit 2.74 trillion yuan ($444.4 billion), up 6 percent year-on-year. The growth rate retreated by 4.3 percentage points.

In the first three months before a new regulation policy was implemented, property sales revenue rocketed by 61.3 percent.