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Housing sales contract revised
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Winton Dong
ACCORDING to real estate authorities with the Guangdong Provincial Government, from January 1, 2001 on, home buyers in the province are no longer required to buy a stake in public areas taken by elevators, hallways, gardens and so on.
However, during a recent interview, Zheng Jiaguang, market management director of Shenzhen Municipal State Land Planning Bureau, pointed out that Shenzhen is basically out of the scope of the ordinance.
“Commercial housing buyers in Shenzhen will still contribute to public construction areas,” Zheng said. “Meanwhile, the city's law-making body will stipulate specific rules at the beginning of this year to make the contribution sound and fair.”
Zheng explained that one goal in regulating the contributory system is to stabilize home prices in the city.
Besides public area contribution, sellers not in full and complete compliance with original plans and specifications (such as the living room is too narrow, or building materials is other than specified) also cause housing sales disputes.
Zheng said that according to revised housing sales contracts in the city, if discrepancies are within five per cent of the total construction areas, the difference could be recovered and buyers will pay according to actual conditions.
However, if discrepancies are serious or involve a wilful departure from contractual plans and specifications, the buyers are entitled to withholding money.
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