Nov 21, 2013 07:28 PM

Closer Look: New Property Registration Policy 'Aimed at Making Deals Easier'

(Beijing) – Since a regular meeting of the State Council on November 20 decided to unify property registrations under one ministry, the public and media have been trying to figure out what it all means.

One popular interpretation is the move is aimed at stemming graft. Another is that is that it may be a precursor to a property tax.

However, Cheng Xiao, an associate law professor at Tsinghua University, says registration is the foundation of a property market and the new policy is in fact aimed at boosting the trade of properties.

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