Shanghai to test deposit program

Article Date : 12 August 2008
News Section: China

Shanghai’s real estate brokers may be required to pay deposits to obtain a business licence in the future. This is one of the latest ideas floated by local government to create a safe environment for second-hand property transactions. The plan, developed by the city’s second-hand property trading center and launched recently on a trial basis, is...

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Article provided by China Economic Review.
Read the full article here: http://www.chinaeconomicreview.com/realestate/2008/08/13/shanghai-tests-deposit-program-to-clean-up-property-market.html

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