BEIJING : China has finished building a national and unified system for real estate registration, the official Xinhua news agency reported on Tuesday, in a landmark move that will boost transparency in ownership. In 2014, China issued rules requiring real estate owners to register their holdings with auth
BEIJING : China has finished building a national and unified system for real estate registration, the official Xinhua news agency reported on Tuesday, in a landmark move that will boost transparency in ownership.
A unified real estate database for the entire country is seen as vital for the central government to regulate the housing market and also force corrupt local officials to disclose multiple properties purchased with illicit funds, industry experts say.
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