Mingtiandi

Asia real estate and outbound investment news

  • Facebook
  • LinkedIn
  • RSS
  • Twitter
Sign Up / Login Logout

Lost your password?
Register
Forgotten Password
Cancel

Register For This Site

A password will be e-mailed to you.

  • Capital Markets
  • Events
    • Mingtiandi 2023 Event Calendar
    • Mingtiandi APAC Residential Forum 2023
    • Mingtiandi Asia Logistics Forum 2023
    • Mingtiandi Hong Kong Focus Forum 2023
    • Mingtiandi APAC Data Centre Forum 2023
    • Mingtiandi Asia Office Strategies Forum 2023
    • Mingtiandi Singapore Focus Forum 2023
    • More Events
  • MTD TV
  • People
  • Logistics
  • Data Centres
  • Asia Outbound
  • Retail
  • Research & Policy
  • Advertise

Will China’s New National Real Estate Registry Spur Capital Flight?

2013/03/30 by Michael Cole 2 Comments

China real estate registry

Soon even more Chinese may be looking at US assets

In the latest move to rein in property speculation, China’s State Council announced on Thursday that the government would complete a nationwide registry of real estate ownership by the end of 2014.

With many local governments already limiting purchases of multiple homes to restrict price growth, the national registry would provide the ability to monitor and control ownership at the national level.

Such a national tracking system of who owns what property would also potentially root out corrupt officials such as the infamous “House Sister” who illegally bought up dozens of properties.

And all of this should be good news to anyone hoping to sell real estate outside of China to Chinese investors.

The real estate registry would have the dual effect of making adding transparency to real estate ownership and creating part of the legal infrastructure for implementing a property tax.

With many wealthy people owning homes in multiple cities the new registry will make it easier to enforce restrictions on multiple home ownership at the national level. And more than a few corrupt government officials may face awkward questions about how they and their family members have been able to accumulate collections of apartments and villas across the country.

With many Chinese buyers of foreign real estate listing a desire for a hedge against risk in the China market as one of their primary reasons for taking their money overseas, the potential risk of attracting unwanted scrutiny may intensify this interest in transferring assets away from the watchful eyes of Chinese officials.

The plan for the real estate registry was included in a document of the State Council’s tasks for institutional reform and transforming functions in the next five years, which also laid out deadlines for completing the tasks and the responsible departments.

 

Share this now

  • LinkedIn
  • Share
  • Tweet
  • Email

Filed Under: Outbound Investment, Research & Policy Tagged With: China real estate registry, Home Purchase Restrictions, Property tax, State Council

Trackbacks

  1. Chinese investors driving property sales in Southern California | The Real Estate Plan says:
    2014/10/10 at 1:16 pm

    […] Image Source: mingtiandi.com […]

  2. Chinese investors driving property sales in Southern California | Jeff Yarbrough's Real Estate Blog says:
    2015/04/08 at 11:39 pm

    […] Image Source: mingtiandi.com […]

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Mingtiandi Delivered

MTD TV

Jeffrey Perlman Warburg
Warburg’s Perlman Sees Asia With an Edge as Real Estate Markets Shift
China Rental Housing Sector Here to Stay Says Warburg Pincus Executive

More MTD TV Videos>>

People in the News

Brian Kwon Dexus
Dexus Opens Singapore Office, Hires Brian Kwon as Head of Distribution for Asia
Vida Tandean
CBRE IM Appoints Vida Tandean as Head of Indirect Private Real Estate Strategies in Asia
Henry Bott Swire
Asia Real Estate People in the News 2023-01-30
Liu Weiliang Zhenro
Asia Real Estate People in the News 2023-01-23

More Industry Professionals>>

People in the News

Dexus Opens Singapore Office, Hires Brian Kwon as Head of Distribution for Asia

Brian Kwon Dexus

Australian property major Dexus is extending its regional reach with the opening of a new office in Singapore and the … Read More>>

CBRE IM Appoints Vida Tandean as Head of Indirect Private Real Estate Strategies in Asia

Vida Tandean

CBRE Investment Management has bolstered its regional roster with the hiring of Vida Tandean as head of Asia investments … Read More>>

Asia Real Estate People in the News 2023-01-30

Henry Bott Swire

One of Hong Kong’s best known conglomerates leads this week’s set of personnel updates on Mingtiandi as Hong Kong’s John … Read More>>

Asia Real Estate People in the News 2023-01-23

Liu Weiliang Zhenro

An ailing mainland developer leads this week’s set of personnel moves from around Asia, as a new chairman takes over at … Read More>>

More Industry Professionals>>

Latest Stories

Kwun Tong Town Centre
Kwun Tong Plot Pulled After Receiving Single Bid and More Asia Real Estate Headlines
Laurent Jacquemin AXA
AXA IM ALTS Picks Up 33 Japanese Apartment Buildings for $459M
Tim Blackburn Swire
Swire Properties Buys 40% Stake in Bangkok Residential Site From HKRI for $73M

Sponsored Features

How Data Leadership Can Prepare Real Estate Companies for Big Data and AI in 2023
OpenSpace Capture
OpenSpace Capture Provides On-the-Ground Eyes at US Government Building Projects
Malls and Megaprojects from Hong Kong to Beijing Triumph at PropertyGuru Awards Show

More Sponsored Features>>

Connect with Mingtiandi

  • Facebook
  • LinkedIn
  • RSS
  • Twitter

Real Estate News

  • Capital Markets
  • 2022 Event Calendar
  • MTD TV Archives
  • People
  • Logistics
  • Data Centres
  • Asia Outbound
  • Retail

More Mingtiandi

  • About Mingtiandi
  • Contact Mingtiandi
  • Mingtiandi Membership
  • Newsletter Subscription
  • Advertise
  • Terms of Use
  • Privacy
  • Join the Mingtiandi Team


© 2007-2023 China Advertising Media Ltd (Samoa). All rights reserved.

  • This field is for validation purposes and should be left unchanged.