Beijing Introduces Official House Rental Platform
Zhang Xia
DATE:  Oct 31 2017
/ SOURCE:  Yicai
Beijing Introduces Official House Rental Platform Beijing Introduces Official House Rental Platform

(Yicai Global) Oct. 31 -- Beijing will unveil an official house rental supervision and transaction platform. The platform will introduce house renting on credit and adopt technologies such as facial recognition and fingerprinting in order to enhance the authenticity of transaction parties and housing resources.

The house rental supervision platform will be linked to online transaction platforms to provide them with backend data support. Online transaction platforms in turn offer six services to house rental platform users: release of house rental information, online signing of house rental contracts, application for registration and filing of house rental information, transaction money supervision, query of market entity credit information, and credit ratings.

Creating a unified supervision and service platform can help the government implement a unified supervision and information sharing, said Chen Zhi, secretary-general of Beijing Real Estate Association. Cultivating and developing the rental market is an effective move to implement the central government's long-term improvement of the real estate management mechanism, Chen pointed out. The kick-off of this rental platform will drive the healthy development of the rental market in a multi-entity and multi-channel manner and will also contribute to steady development of Beijing's real estate market.

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Keywords:   Beijing,Rental House,Tenant,PROPERTY MARKET