General Office of the State Council, Circular on Promoting the Steady and Healthy Development of the Real Property Market
国务院办公厅关于促进房地产市场平稳健康发展的通知
April 16, 2010 | BY
clpstaff &clp articles &More welfare housing projects to be supplied.
Issued: January 7 2010
Main contents: The Circular includes 11 measures to promote stable and healthy development of the real property market, including:
(i) Increase the effective supply of welfare residential premises and ordinary commodity premises (Article 1).
(ii) Reasonably guide the consumption of residential premises and restrain the purchase of housing for investment and speculation: for families (including the borrower, spouse and minor children) that have already purchased residential premises on mortgage and apply to purchase another (or more) residential unit(s), the down payment shall not be less than 40% of the mortgage loan (Article 2).
(iii) Reasonably determine the minimum scale permitted for the pre-sale of commodity residential premises in light of local realities. Such permission may not be granted for individual floors or units. Real property developers that have obtained pre-sale permission shall publicise all premises available for sale at one time within the stipulated time limit. Sales prices shall be clearly marked as those submitted for permission (Article 3).
(iv) Accelerate the construction of welfare housing projects (Article 4).
clp reference:4110/10.01.07promulgated:2010-01-07This premium content is reserved for
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