China News Service, September 14th. Recently, the Wuhan Municipal Housing Security and Housing Administration issued an announcement on soliciting opinions on the "Measures for the Supervision of Pre-sale Funds for New Commercial Houses in Wuhan (Draft for Comment)" to strengthen the supervision and management of pre-sale funds for new commercial houses. , to ensure that the pre-sale funds are used for the construction of commercial housing projects, protect the legitimate rights and interests of house buyers, and prevent transaction risks.
The draft proposes to stipulate that the supervision period of funds within the supervision limit of newly built commercial housing starts from the issuance of the pre-sale license of commercial housing and ends after the first registration of real estate.
The draft clarifies that real estate development companies should choose a regulatory bank to open a regulatory account before submitting a pre-sale plan.
The supervisory account information shall be stated in the commercial housing pre-sale license and commercial housing sales contract, and shall be publicized on the commercial housing sales site and the portal of the supervisory authority.
In addition, the draft proposes that the regulatory bank shall not deduct the funds within the regulatory quota before the first real estate registration of the commercial housing project is completed; for the real estate development enterprises that have established subsidiaries, the group company shall not transfer them.
(Zhongxin Finance)