Developers take a down payment of not less than 50%

Five ministries out of the new deal to fight hoarding land: such as arrears of the price should not participate in the sale of land transfer this newspaper today comprehensive news, "Curb some of the city prices too fast rise" policy first punch, hit the developers hoarding, speculation. The Ministry of Finance, Ministry of Land and other five ministries issued yesterday, "further strengthen the land transfer revenue and expenditure management notice", after clarifying the developer to take the land, "payment of all land transfer price period in principle not more than one year, special projects can be agreed to be fully paid in two years, the first contribution ratio shall not be less than the total land transfer 50%".　　If the developer defaults on the price, may not participate in the new land transfer transactions.　　According to the Shanghai Securities Report, China Land Survey and Planning Institute, said that the current national cities for the phased payment of land transfer price and down payment ratio does not have the same provision, the transfer of land will be signed contracts, agreed down-payment ratio and amortization time, most of the 20%-30%, much lower than the five ministerial notice of the provisions. It is understood that the Ministry of Housing Construction, the Ministry of Land and other parts of the lead regulatory policy is brewing, the basic idea is to increase the supply of ordinary commercial housing.