ecns [expanded by feedex.net]: Shanghai to start property registration system from Oct. 8

ecns [expanded by feedex.net]

ecns

Shanghai to start property registration system from Oct. 8
http://www.ecns.cn/cns-wire/2016/09-30/228827.shtml
Sep 30th 2016, 15:56





Friday Sep 30, 2016






(ECNS) -- Shanghai will start property registration on Oct. 8 to standardize and clarify ownership titles, according to the municipal Planning, Land and Resources Administration.
The city began a property registration system in Fengxian district during June and plans to expand it to the entire city this month. The move follows similar programs in other cities including Fuzhou in Fujian Province and Nanjing in Jiangsu Province.
Real estate expert Xue Jianxiong said the new effort at property registration will solve many historical issues related to household rights, clarifying property rights of some older properties without certificates and those built before 1949 with many owners.
Registration will also pave the way for the government to levy property taxes in future, said Lu Wenxi, an analyst with Centaline Property Agency.
It will normalize the real estate market, according to Zhang Donghua, an expert with E&H Co. "In the long term, a more standardized market will have more healthy development," he said, adding that "It would also benefit the development of the real estate assessment industry."
Experts say the registration should not affect housing prices in the city, which saw rapid growth despite measures to cool down.
¡¡¡¡


Shanghai implements new estate registration systemNanjing further tightens control on property marketChina city moves to dampen hot housing marketHangzhou house transactions leap




Arctic expedition researcher shares amazing photosSamsung issues 'sincerest apology' to Chinese consumers over Note 7 scandalSubtitle translators detained in Japan for copyright infringementAirport faces questions over X-ray screening machinesOne body found after east China landslide


Shanghai to start property registration system from Oct. 8 World leaders gather in Jerusalem for the funeral of ex-President Peres U.S. Congress' overriding Obama's veto of 9/11 bill draws criticism, could bring negative impacts WeChat upgrade exposes click farm industry Cross-Strait cultural fair to open in November






You are receiving this email because you subscribed to this feed at https://blogtrottr.com

If you no longer wish to receive these emails, you can unsubscribe here:
https://blogtrottr.com/unsubscribe/qhG/Zc7fXt