Shanghai Intends To Prohibit Appreciation Of Real Estate Advertising And Investment Return Commitments.

2011/1/7 9:47:00 55

　　 Shanghai Will strengthen Real estate advertising The management of real estate advertisements will prohibit appreciation. Return on investment Content of commitment. A few days ago, the notice (Draft) on Further Strengthening the management of real estate advertisements in the city (hereinafter referred to as the draft) was open to the public opinion of the Shanghai industrial and commercial bureau website.

According to the Oriental Morning Post, the draft stipulates that advertisements in real estate should be marked with "the advertisement is for reference only. The contents specified in the advertisement can be used as an appendix to the purchase contract". Advertisements for promoting overseas real estate projects should also be marked with advice: "buying foreign land property items is risky, and buyers should have a prior understanding of the housing policies of their countries or regions". Pre sale advertisements (including project image advertisements) shall not be issued before the real estate project obtains the pre-sale permit for commercial housing.

The draft also stipulates that the following contents are prohibited in real estate advertising: the contents of after-sale charter or disguised after-sale charter for uncompleted commercial housing; the contents of sales that are sold back or sold in disguised form; the contents of promise that include appreciation or investment return; the contents of undertaking including buying foreign real estate to emigrate or obtaining residential rights; containing funds or disguised fund-raising contents; containing contents that do not conform to approved real estate properties; and containing contents that violate the requirements of real estate project planning and construction approval, express or imply the contents of internal interlocking, and other prohibited contents of laws, regulations and regulations.