Hefei new house yaohao rules

From April 6, 20021year, real estate development enterprises shall entrust a notary public to sell the real estate with the ratio of the number of registered buyers to the number of saleable houses in Hefei in the current period greater than or equal to 1.5.

Legal basis: People's Republic of China (PRC) City Real Estate Management Law.

Article 2 This Law shall be observed in obtaining the land use right of real estate development land, engaging in real estate development, real estate transaction and real estate management within the state-owned land (hereinafter referred to as state-owned land) in People's Republic of China (PRC) urban planning area.

The term "houses" as mentioned in this Law refers to buildings and structures such as houses on land.

The term "real estate development" as mentioned in this Law refers to the construction of infrastructure and houses on the land that has obtained the right to use state-owned land in accordance with this Law.

Real estate transactions mentioned in this Law include real estate transfer, real estate mortgage and house lease.