Beijing Municipality, Tentative Measures for Monitoring the Proceeds from Pre-sale of Commodity Premises

北京市商品房预售资金监督管理暂行办法

Beijing property developers prohibited from directly collecting pre-sale funds.

2 minute readDecember 14, 2010 at 11:58 PM

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Promulgated: October 22 2010

Effective: December 1 2010

Applicability: The phrase “proceeds from pre-sale of commodity premises” refers to the total sum for purchase of commodity premises paid by the purchaser according to the contract for the pre-sale of commodity premises, including the deposit, down payment and mortgage loan (Article 5).

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