China launches special inspection on real estate

Xinhua Beijing, March 11, the focus on the unauthorized change of real estate use, illegal supply of land construction villas, as well as hoarding and land speculation, such as real estate use of special inspection, will be launched from March to July this year in the country.　　Department of Land Use management of the Ministry of Lands and Resources Lio Yonglin 11th in the Ministry of Land and Resources, "on strengthening the supply of real estate and supervision of the relevant issues," the news said that from March to July this year, will be in the national organization to carry out a special inspection of real estate problems.　　The inspection focused on the real estate, especially for the use of the land of the housing, unauthorized change of use, illegal supply of construction villas, violating the laws and regulations of idle land, hoarding land and so on. The Ministry of Land and Resources requires all localities to seriously rectify the irregularities in the supply and utilization of land for real estate;　　The case does not report, pressure cases do not check, to seriously investigate the responsibility. It is reported that the Ministry of Land and Resources recently issued the "on the strengthening of real estate supply and supervision of the relevant issues of the notice" clear requirements, protection of housing, slum upgrading and self-housing small and medium-sized housing construction land is not less than 70% of the total supply of residential building land, strict control of large sets of housing construction land, is strictly prohibited to the villa. The lowest price of land transfer shall not be less than 70% of the benchmark land price of the location of the lease, and the bid margin shall not be less than 20% of the lowest price. The sale contract must be signed within 10 working days after the land is sold; 1 months after the signing of the contract must pay the transfer price of 50% first payment, the balance should be paid in accordance with the contract, the latest payment time must not exceed one year, overdue contract, termination of the land, no refund of the deposit; Land must be reclaimed.