Home / Metal News / Beijing Plans to Supervise Advance Payments

Beijing Plans to Supervise Advance Payments

iconAug 19, 2010 00:00

PEIJING, Aug. 19 -- Beijing is planning new rules for supervising and managing advance payments for purchases of commercial property, the Beijing Evening News said Tuesday, citing unnamed developers.

Under the new rules, which may be implemented this year, housing developers may be banned from receiving advance payments from homebuyers directly. Buyers would instead be required to make the advance payments to a designated bank account, according to the report.
 

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

SMM Events & Webinars

All