Beijing Municipality, Measures for Monitoring the Proceeds from Pre-sale of Commercial Residential Premises
北京市商品房预售资金监督管理办法
July 16, 2013 | BY
CLP Temp &Deposits monitored as part of the proceeds from pre-sale of commercial residential premises.
Issued: May 17 2013
Effective: July 1 2013
Main contents: Beijing property developers are now required to credit the deposits from pre-sale of commercial residential premises into designated bank accounts within five working days from the day of online execution of the contract (Article 13). Withdrawal of these deposits by the property developers would require a written application with the bank (Article 16).
Repealed legislation: Beijing Municipality, Tentative Measures for Monitoring the Proceeds from Pre-sale of Commodity Premises, Oct 22 2010, CLP 2010 No.10 p.53
Issued: May 17 2013
Effective: July 1 2013
Main contents: Beijing property developers are now required to credit the deposits from pre-sale of commercial residential premises into designated bank accounts within five working days from the day of online execution of the contract (Article 13). Withdrawal of these deposits by the property developers would require a written application with the bank (Article 16).
Repealed legislation: Beijing Municipality, Tentative Measures for Monitoring the Proceeds from Pre-sale of Commodity Premises, Oct 22 2010, CLP 2010 No.10 p.53
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