Announcement about real estate regulation from the General Office of the People’s Government of Nanning City

Date:2016-10-09

Relevant municipal authorities:

For the purpose of implementing national polices on real estate market adjustment, perfecting real estate market order, safeguarding the legitimate rights and interests of consumers and maintaining steady and sound development of Nanning’s real estate market, relevant items to further strengthen Nanning’s real estate regulation have been issued with the consent of the municipal authority as follows:

1. Management on the presale of commercial residential buildings shall be strengthened.

a. Supervision on the presale of commercial residential buildings shall be enhanced.

b. Property hoarding shall be seriously dealt with.

2. Price supervision of commercial residential buildings shall be strengthened.

a. Guidance on fixing reasonable prices should be provided for enterprises.

b. Strict implementation on the system in which commodity prices must be marked shall be implemented.

c. Timely investigation and punishment on illegal pricing shall be carried out.

3. Management on the advertisement of real estate shall be strengthened.

a. Strict examination on advertisements shall be implemented.

b. Illegal advertising shall be investigated and dealt with.

4. Credit management of real estate shall be enhanced.

5. Guidance on public opinion of real estate shall be enhanced.

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