The pre-sale system of commercial housing refers to a commercial housing transaction system in which the real estate enterprise agrees with the buyer that the buyer pays the pre-sale money and owns the purchased house after the completion of the pre-sale commercial housing project.
In the fifties of the twentieth century, in Hong Kong, China, building leasing was a popular way in the real estate industry, but there were problems such as difficult transfer and long turnover period of rental funds.
The pre-sale model has promoted the prosperity of the property market in Hong Kong, China for decades, but there have also been cases of "unfinished properties" during this period.
In the 90s of the 20th century, Chinese mainland faced the problem of large demand for housing and shortage of supply.
Therefore, drawing on the successful experience of the real estate industry in Hong Kong, the 1994 "Urban Real Estate Management Law of the People's Republic of China" clearly stipulates the implementation plan of the pre-sale system of commercial housing, which marks the formal formation of the pre-sale system of commercial housing in China.
The pre-sale system of commercial housing has played a positive role in the historical process of the development of China's real estate industry. However, in the nearly 30 years since the implementation of the pre-sale system, its negative effects have become increasingly prominent.
Our pre-sale system is unique in itself"Improvements"version, almost limited to protect the interests of vested interests, and let residents eat unlimited risks.
The quality is not guaranteed, the delivery is not guaranteed, the debt has to be repaid if you don't get the house, and the land transfer fee is not in arrears. When the real estate latecomers are unsustainable, the lid can't be covered, looking back, almost every risk control and mitigation design has failed, such a scale of funds, such a huge market, so related to people's livelihood, assuming that there are so many key links of the buyer protection to be implemented, I am afraid that there will not be such a tragic situation today, what is more terrible is that so far there are not too many people to take responsibility for this embarrassing situation.
In practice, the pre-sale funds sometimes fail to enter the bank's supervision account in accordance with the regulations, or even if they enter the supervision account, the real estate enterprise uses various methods such as withdrawing funds in advance and falsely reporting the progress of the project to obtain the pre-sale funds.
In the current real estate market, the premise of the pre-sale system is that the supply exceeds demand, not to mention that you have not done a good job in the pre-sale system, and no one has stripped the risk clean like us.
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To sum up, China's pre-sale system itself has natural defects, the protection of buyers is too weak, on the contrary, it is very conducive to all the dividends of a chain, and the real estate downward cycle has basically become a risk amplifier. The reservation is that the market still dares to continue to buy off-plan houses to fill in the holes in the past, and the market is not all fools after several whips, and they will be limited to find the existing and second-hand houses, not how to imagine how the pre-sale system plays a role, and the market may not be able to go in the direction of the plan.
If we do not reform the special pre-sale system and price limit, and ignore the protection of the interests of home buyers, it is difficult to say that the real estate market can achieve a normal and healthy market.
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