Property registration procedures sped up
China will further cut the time required for immovable property registration to make it easier for the public to access government services, the State Council executive meeting on Jan 30 decided.
As part of efforts to improve the business environment, the reform of government functions must be deepened to address public complaints about the long time and tedious process required for real estate registration, a statement released after the meeting said.
An interagency information pooling and sharing mechanism will be established so that information related to immovable property registration, including household registration, business licenses, tax payments and transactions, can be shared by the end of this year, the statement said.
The meeting also called for efforts to streamline registration processes, with one-stop interagency services to be made available.
An Internet Plus immovable property registration model will be promoted so that applications, their review, and government feedback can all be made online. It will only take applicants a single trip to a single office to have application materials checked and see the registration completed, the statement said.
The time required for general registration will be cut to no more than 10 working days by the end of this year, and that for mortgage registration to no more than five working days. The time required for general registration will be reduced to no more than five working days before the end of next year, the statement said.