Jan 26, 2022 03:40 PM (GMT+8) · EqualOcean
The Xiamen municipal government recently issued the administrative provisions on the pre-sale of commercial housing in Xiamen, which will come into force on April 1, 2022. In terms of supervision of pre-sale funds, further strengthening the supervision of pre-sale funds is an important management measure to ensure the smooth completion of pre-sale projects, and it is one of the important contents of this revision. The original pre-sale fund supervision adopts the "use before retention" mode, which sets the supervision limit at 120% of the project cost and determines the available supervision limit according to the image progress of the project. In order to better promote development enterprises to speed up project construction and sales, and make it easier for supervision, the regulations are revised to the supervision mode of "retention before use": first, it is clear that all house purchase funds paid by pre purchasers are pre-sale funds, which should be deposited into the special account for supervision of pre-sale funds; Second, it is clear that before the completion of the project, the pre-sale funds should give priority to paying the necessary expenses for the project construction.

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