In further efforts to fight against corruption, China is fighting for a unified real estate registration in all cities and counties by the end of the year. The government has also been trying to crack down on corruption among local officials who have benefited from state contracts or are involved with state-owned enterprises. Officials believe that it will take approximately three years to fully implement a unified registration system, and about four years to create an established registration information management platform, but this needs to happen since China's current system is not effective in monitoring the housing market.
In further efforts to fight against corruption, China is fighting for a unified real estate registration in all cities and counties by the end of the year. However, China's plan for this has stalled due to resistance from local governments as previously happened in 2014, when China issues rules requiring real estate owners to register their holding with authorities. Officials believe that it will take approximately three years to fully implement a unified registration system, and about four years to create an established registration information management platform, but this needs to happen since China's current system is not effective in monitoring the housing market.