Work on unified national real estate database gathers speed

China is accelerating the process of building a unified national real estate database as part of property market management, even as experts said such an action was unlikely to bring down the housing prices as many may expect.

According to the Ministry of Natural Resources, the database work is being handled by 3,001 property registration stations in 335 cities, who are on average handling 300,000 enterprises and individuals every day.

Gao Yong, deputy head of the real estate registration bureau of the ministry said: "The office will promote the 'Internet Plus' strategy with the property registration to further standardize the progress."