THE Shenzhen Housing Provident Fund Management Center will launch online services for real estate transactions starting Sept. 13, Shenzhen Special Zone Daily reported yesterday.

The center has been authorized to take charge of real estate transaction management according to the city’s institutional reform arrangement, sources from the municipal housing and construction bureau said.

The city’s housing provident fund management center is specifically responsible for real estate transaction qualification verification, and handling complaints during the verification process.

The center is also in charge of dealing with the online registration of real estate transfer contracts and mortgage contracts, and the operation and maintenance of the city’s housing transaction information platform.

From Sept. 13, real estate developers, brokerage agencies, home buyers and sellers, and local commercial banks can apply for online services through the city’s real estate information platform http://zjj.sz.gov.cn:8004/.

Real estate developers and real estate brokerage agencies shall handle housing transaction procedures on behalf of buyers who purchase pre-sale, on-sale and pre-owned commercial housing, according to the center.  Buyers and sellers can sign the transaction contract on the iShenzhen app.

Buyers and sellers who prefer not to use the service of a brokerage agency, can complete the transaction through the city’s real estate information platform by themselves.

In addition, the transaction process has been optimized, in which the center will examine both parties’ housing transaction qualifications before a purchase contract is signed. Previously, qualifications were examined after both parties had signed the contract.

(Zhang Yu)