The state council decided to integrate the real estate registration system across several departments in order to promote the real estate information network nationwide. Basically, it is a preparation that paves the way for property tax. Anbound research team thinks that China should be cautious when introducing property tax because there is a need to abolish the current system of collecting one lump sum of 70 years land-transferring fees, as well as guarantee the real estate's function as social security in China.