2014-06-09

Foshan Limits Real Estate Sales If Prices Drop 10%

The government denies it is intentionally trying to disturb the market, but industry insiders aren't buying it. The regulation was on the books, but is only recently being enforced.

佛山楼盘降价超10%网签将受限 官方否认故意干扰市场
Following the earlier Hangzhou and Dongguan involved in the "limit down order" vortex, the price decline in Foshan also tried to be too large real estate network to sign restrictions.

According to " Guangzhou Daily "recently reported, Foshan price department, said the price decline of over 10% of the real estate network to sign will be limited, developers need to re-apply for the price tag formalities. For this disguise "limit down orders," said city price department, said the policy is to standardize reporting record commodity housing sales price behavior, not interfere with the market price is prohibited.

According to Foshan price department responded early in July 3, 2009, the Municipality, the Municipal Construction Bureau jointly issued "on the specifications of new housing sales price behavior and the behavior of the pre-sale notice ", requiring real estate operators in the sales process For price adjustments (refer to the sale price is above or below the "real estate sales price list" prices marked 10%), should be re-apply for the project, "real estate sales price list", "real estate sales prices related to information disclosure statement" and other codes Producer price price tag formalities way, from April 1 this year, implementation of the "Foshan Municipality, Foshan Bureau of Housing and Urban real estate sales prices on regulating the behavior and conduct of the pre-sale notice" also continue to follow this requirement.

It is reported that the current real estate network signed Foshan specific handling system built by the housing sector management, the system displays information associated with the price is determined by the operators of commercial producer would have been clearly marked by the pricing department, "real estate sales price list" Upload to the system generates, for higher "sales of commercial price list" marked price, or below the "real estate sales price list" price marked a 10% real estate, the system will limit the handle.

"Before indeed already have the relevant filing measures, but no very strict to enforce, after we tried real estate prices have more than 10% can be successfully network signed, now bureau's position should be to strictly implement the relevant measures." Housing prices in Foshan, South China, a large project marketing manager privately to " Daily Economic News said "reporter.

Many industry insiders to the "Daily Economic News" reporter, said the severe market pressure is the local government wants to slow the downward pressure on prices through administrative means main purpose.

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