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Online Real Estate Changes Outlook For Third Time

The Shanghai Real Estate Transaction Center is reporting that the online Shanghai Real Estate system that has been running for three months will change its outlook for the third time in mid-September.

On the new website, real estate developers' credit-rating will be displayed and their credit rank will be shown on a special page. In addition, the rising and falling prices of newly-developed buildings will be displayed according to a new, as yet unclear, method of analysis.

In addition to traditional building sales, other means of sale including number-shaking and auctions will be tested, while a web page for second-hand buildings will be opened as early as October.

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