A unified real estate database is seen not only as vital for authorities to administer the housing market, but could also force corrupt local officials to disclose properties purchased with illicit funds, industry experts say. Officials have said that China needs about three years to fully establish a unified registration system for real estate, and about four years establish a unified registration information management platform.
A unified real estate database is seen not only as vital for authorities to administer the housing market, but could also force corrupt local officials to disclose properties purchased with illicit funds, industry experts say. Officials have said that China needs about three years to fully establish a unified registration system for real estate, and about four years establish a unified registration information management platform.