China finishes property registration consultation

BEIJING - China has completed opinion seeking on a provisional property registration guideline.

The Ministry of Land and Resources said on Sunday that the opinion request since August 15 has brought views from experts in the property sector and law, giving constructive advice.

The government has promised a unified national property registration plan by the end of this year to regulate the real estate market and push forward urbanization.

An top-down urbanization plan released in March said China will build a national network for real estate ownership by 2020 at the latest, to reduce speculation and help people buy their own homes.

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