On May 17, the Natural Resources Bureau of Zhongshan City, Guangdong Province, and the Housing and Urban-Rural Development Bureau of Zhongshan City, Guangdong Province, jointly issued the "Several Measures on Optimizing Land Supply to Promote the Healthy and Stable Development of the Real Estate Market" (hereinafter referred to as the "Measures").

The Measures propose to lower the ratio of bidding deposit. The bidding deposit can be set at no less than 20% of the starting price of the sale. After the transaction, the bidding deposit is automatically transferred to the contract deposit if less than 20% of the transaction price, the bidder should pay the shortfall on time before signing the transfer contract.

Zhongshan City will also optimize the payment of land price. It can be agreed to pay the land price in installments, the transferee must pay the down payment of 50% of the transfer price (including deposit) within 30 days from the date of signing the transfer contract, and the remaining balance (50% of the transfer price) should be paid in one time or in installments within 365 days from the date of signing the transfer contract, and pay the interest according to the contract.

Speed up the development and construction of the project site. 2022 new supply of residential land, after the consent of the municipal government, the transferee has paid 50% of the transfer price, and has paid in full the total transfer price corresponding to the deed tax and stamp duty, by the township government or the land reserve center will be delivered to the transferee to use the land, the transferee can be transferred with the transfer contract, the payment note, the proof of completion of the tax, and the confirmation of the delivery of land to handle the The remaining 50% of the transfer price shall be paid by the transferee in accordance with the payment time agreed in the transfer contract, and the transferee can only apply for the registration of real estate rights and the application for the pre-sale license of commercial properties after the remaining transfer price is paid in full.

Optimizing the requirement of supporting public facilities. The new residential land grant according to the "Zhongshan City residential land supporting public construction facilities management approach", in accordance with the provision of not less than 2% of the total residential floor area, to determine the relevant requirements of the project supporting public construction facilities.