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Does the property fee need the approval of NDRC?
At present, the common practice is that the property service fee in the early stage of the community needs to be declared and approved according to the guidance price set by the government department. If the owners' committee is established, the market price shall be implemented through consultation between both parties.
Under the impetus of China Property Management Institute, some documents have been issued at the national level to liberalize the guidance and approval of property fees for non-affordable housing, and the principle of real market regulation is implemented for property fees. Of course, it will take some time for the document to be implemented at the national, provincial and municipal levels, and administrative adjustment and market intervention will soon become history.
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