It is a timely move to strengthen the supervision of commercial housing pre-sale funds


2022-08-08: [Chinese Article Link] In recent days, new regulations have been introduced for the regulation of pre-sale funds for commodity houses in Changsa, Hunan, Guangdong Dongguang, etc., requiring that the purchase money be deposited directly into the supervisory account, ensuring that the funds remain in the project, giving…


Note: This is a machine translated version of the Chinese news media article. A mature and nuanced reading is suggested.




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It is a timely move to strengthen the supervision of commercial housing pre-sale funds


2022-08-08: [Article Link] In recent days, new regulations have been introduced for the regulation of pre-sale funds for commodity houses in Changsa, Hunan, Guangdong Dongguang, etc., requiring that the purchase money be deposited directly into the supervisory account, ensuring that the funds remain in the project, giving…

Note: This is a translated version of the Chinese news media article. A mature and nuanced reading is suggested.