Interpretation of “Guidelines for the Grading of Nanning on Full Decoration of Commodity Housing”

Date:2017-07-05

Nanning has recently issued "Notice on further strengthening the real estate market regulation to promote the stable and healthy development of the real estate market" (hereinafter referred to as the "Notice"), drawing widespread public concern. For the purpose of regulating the construction of fully decorated commodity housing and the delivery, and promoting the quality of fully decorated commodity housing, Nanning Municipal Commission of Housing and Urban-Rural Development has developed " Guidelines for the Grading of Nanning on Full Decoration of Commodity Housing " (hereinafter referred to as the "Guide"). The Commission official has also recently interpreted the "Guide" to respond to the market concerns.


1. The full decoration of commodity housing is in three grades.


According to the “Guide”, the full decoration of commodity housing is divided into three grades, which are A, B and C, among which the price range of A full decoration is 2,000-3,000 yuan per square meter, the price range of B full decoration is 1,000-2,000 yuan per square meter and the price range of C full decoration should not exceed 1,000 yuan per square meter.


2. Price or contract frauds will be investigated.


“Notice” made clarifications that the price of commodity housing full decoration should not exceed 3,000 per square meter. Real estate development enterprises who construct full decoration commodity housing should specify the standard and price of the full decoration and deliver them to the construction drawings review agency for review. The agency should bring the above into the examination scope and those failed to meet the decoration guidelines and prices of the commodity housing should not be approved.


Those commodity housing projects with pre-sale permits before the issuing of the “Notice” shall make reasonable full decoration price in combination with the “Guide”. Those with price or contract frauds will be investigated and treated by the Price Bureau and Trade and Industry Bureau according to law.

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