According to the Ministry of Land and Resources, local governments are required to carry out real estate registration and collect relevant data to be uploaded to the national information platform system.
With this system, basic information of real estate, including those who hold the properties, can be checked and approved in real time, increasing the transparency of real estate management.
Leng Hongzhi, who is working with the real estate registration under the Ministry of Land and Resources says their next focus is the system construction on several junctions before it starts operation.
"We will try to guarantee that for each region or city, there will be at least two subordinate cities or counties whose real estate information has to be recorded in the system by the end of the year."
An instruction came out recently that requires housing registration to be incorporated into real estate registration and be managed by some institutions taking charge of that.
The housing management authorities will continue managing the mortgage, trade or property rights transfer of houses. At the same time it should cooperate with the real estate management authority to complete necessary registrations.
Leng said the registration on real estate requires the transfer and integration of various data and materials as well as functional integration that involve different government departments.
The integration has been completed generally on state and provincial level, while it still needs to be carried out on a county level, which is the focus of the Chinese government this year.
Source: CRI
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