Huzhou: Strengthen supervision of pre-sale funds for commercial housing to prevent real estate risks

On December 22, Huzhou Municipal Bureau of Housing and Urban-Rural Development and other three departments issued a notice on further strengthening the supervision of pre-sale funds for commercial housing.

According to Guan Guan New Media, the "Notice" aims to further strengthen the supervision of commercial housing pre-sale funds in Huzhou City, protect the safety of funds, prevent and resolve real estate risks, protect the legitimate rights and interests of home buyers, and maintain the order of the real estate market.

The "Notice" points out that it is strictly prohibited to collect house purchase money outside the supervision account. Real estate development enterprises must deposit all the pre-purchase funds (deposit, down payment, full payment and subsequent funds in installments) paid by the buyers in accordance with the contract into a special deposit account for pre-sale funds for commercial housing, and shall not deposit them into other accounts. Selling houses and collecting funds outside the online signing system is strictly prohibited. If the above behavior occurs, the housing and construction department will suspend sales and order rectification.

Clarify the standards for determining the supervision limit of pre-sale funds. When a real estate development enterprise declares the supervision quota for pre-sale funds, if the project budget inventory (blank) cost is less than 4,500 yuan/square meter, it will be calculated as 4,500 yuan/square meter. The supervision limit of pre-sale funds shall not be less than 130% of the total project budget inventory of the supervision project.

It is strictly prohibited to pay regulatory funds in advance or in excess. Development companies and construction units must declare and pay project fees in strict accordance with the construction contract, supervision units must strictly review visas, and regulatory banks must strictly review the fund use applications of real estate development companies based on the supervision project project schedule, fund use plans at each stage, etc.

If the construction unit or supervision unit conceals, fabricates facts or issues false certification materials in the project payment declaration, and defrauds or assists the development enterprise to obtain pre-sale regulatory funds, the local housing and construction department shall comply with regulations. Process and record the company's integrity files. If losses are caused, corresponding legal responsibilities will be borne. If the supervisory bank finds that the project payment is inconsistent with the fund use plan, it should suspend the payment and report it to the local housing and construction department in a timely manner. The local housing and construction department will urge the real estate development enterprise to make rectifications. The supervisory bank will not pay the project payment until it receives the notification that the rectifications are in place. No unauthorized payment is allowed.

Strictly control non-project expenditures. Non-engineering expenses shall be paid at 20% of the accumulated revenue, and shall not exceed 20% of the total project budget inventory of the supervision project. When the cumulative amount of deposits into the special deposit account for commercial housing pre-sale funds is greater than the supervision limit, the supervision account must retain sufficient remaining project funds.

In addition, the "Notice" stated that the regulatory responsibilities of all parties will be strengthened. Enhance real-time data sharing. The regulatory bank network system should be connected with the commercial housing pre-sale fund supervision system to ensure real-time transmission of regulatory information, and provide corresponding financial data services according to the regulatory needs of the regulatory authorities.

Baojia Ruijing Garden

For sale

Reference price: Reference average price 7,300 yuan/㎡

Property address: Lu 200 meters west of the intersection of West First Ring Road and Wuzhen Street, Zhou District

Property phone number: 400-818-0066 ext. 023026