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”…

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).

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