Building a stable realty sector

The proposed property information registration system and launching of property tax will establish order in housing market

China has vowed to build a complete property registration system and set up a fully operational information platform for property registration under the Ministry of Land and Resources by 2017. The move is expected to have a profound impact on the real estate sector.

The system, expected to become an integral part of the country's property protection system, must be based on thorough and unified information on registration of landed assets such as plots and buildings, and forestland.