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China's online real estate information platform system will start pilot operation by the end of 2015.
中国房地产在线信息化平台系统将于2015年底试运行。
According to the Ministry1 of Land and Resources, local governments are required to carry out real estate registration2 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 junctions3 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."
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