When you buy a home off-plan (期房), first check the pre-sale permit (预售许可证), and pay the deposit, down payment and loan only into the pre-sale funds supervision account named in the contract
- High value
- Evidence A
- Saves money
- Free
- Takes minutes
- Some willpower
In plain words
An off-plan home is one that goes on sale before it is built. Without a pre-sale permit, the developer may not sell it or take a deposit. The rules require your down payment and loan to go entirely into the supervision account, and the supervision is lifted only once the home can be delivered. Money sent to any other account is outside this protection.
Mentioned in
Translated from the Chinese original. Original book, section 15, tip 10. Content may be out of date and rules differ by place. When you actually deal with an agency, a doctor or a court, follow what local officials, doctors and lawyers tell you. Disclaimer