Beijing Municipality, Tentative Measures for the Administration of Residential Premises the Title to Which is Jointly Owned (Draft for Comments)

北京市共有产权住房管理暂行办法 （征求意见稿）

September 16, 2017 | BY

Susan Mok &clp articles &

Issued: August 3 2017 Applicability: For the purposes of these Measures, the term “residential premises the title to which Is jointly owned”…

Promulgated: 2017-08-03

Issued: August 3 2017

Applicability: For the purposes of these Measures, the term “residential premises the title to which Is jointly owned” (Joint Residential Premises) means policy commercially developed residential premises for which the government provides policy support, that is developed and constructed by the owner, the sales price of which is lower than the price level of commercially developed residential premises of similar quality in the same area, the right to use and dispose of which is restricted, and the title to which is jointly owned by the government and the buyer in proportion to their respective shares thereof (Article 2).

Main contents: An application for Joint Residential Premises may not be made if a household has a record of having transferred residential premises or where a single application is to be made after the husband and wife of a household with residential premises have separated and less than three years have elapsed since the divorce (Article 10).

Once five years have elapsed since the buyer of Joint Residential Premises has secured the immovable property title certificate therefor, he/she may transfer at the market price his/her share of the title to the premises purchased by him/her.

Once five years have elapsed since the buyer has secured the immovable property title certificate, he/she may also secure title to the commercially developed residential premises after he/she purchases the government's share at the market price (Article 25).

issued:2017-08-03

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