Real Estate Jun 09, 2021 12:35 PM (GMT+8) · EqualOcean
Nanchang issued the notice on Further Strengthening the regulation of residential land supply. In the aspect of land auction by real estate enterprises, the notice proposes to strictly restrict affiliated companies from participating in the same residential land bidding“ The bidders of "limited house price and limited land price" plots should meet the bidding requirements specified in the land transfer notice, and promise in writing that their affiliated companies will not participate in the bidding of the same parcel of land. After the one-time quotation of land is completed, the list of bidders will be published and subject to supervision. If a related company participates in the bidding of a parcel of land at the same time and is reported or complained, it will be seriously dealt with according to the law after being verified by Nanchang market supervision bureau.

This text is a result of machine translation.