China’s land ministry said a nationwide property registry will be operational before 2018, in a move that could help stem corruption and discourage speculative home buying.
“China is developing the foundation of a unified property registration system this year. In 2016, it can establish the property registry and before 2018, the platform for information management will be operational,” the Ministry of Land and Resources said in one of its online publications.
While a national registry has been widely anticipated, this is the first timetable the ministry has offered for the system, which would allow the government to keep track of home ownership.
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Esther Fung, Wall Street Journal via CHINA US Focus http://ift.tt/1gRuGte
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