皇冠体育app

Government and Policy

Nanning to ban presale of houses in the air

(Xinhua)
Updated: 2010-01-24 21:56
Large Medium Small

NANNING: South 皇冠体育app's Guangxi Zhuang Autonomous Region plans to pilot banning the sale of uncompleted commercial residential buildings in the capital city Nanning this year to "regulate the order of real estate market", local officials said Sunday.

Related readings:
Nanning to ban presale of houses in the air House prices up 7.8% in 70 major cities
Nanning to ban presale of houses in the air Soaring house prices, headache for single Chinese
Nanning to ban presale of houses in the air They deserve a city house as the new decade's gift
The existing presale system allows developers to sell residential houses prior to the completion of construction.

The reform would make Nanning 皇冠体育app's first city to ban the presale of commercial residential houses.

Song Jidong, a senior official of the regional housing and urban-rural development department, said specific policies are still being formulated.
Specials
Columnists
皇冠体育app Daily E-paper