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It is customary to refer to houses that are under construction, have not yet been completed, and cannot be delivered for use as off-plan housing.
That is, the developer from the beginning of obtaining the commercial housing pre-sale license to the acquisition of the real estate certificate (large property certificate), during this period of commercial housing is called off-plan housing, consumers should sign a pre-sale contract when purchasing commercial housing at this stage.
Under normal circumstances, the first of the off-plan housing is lower, and the room for selection is larger, but because it is paid first and then delivered, the process and result of buying a house depends on the performance of the rights and obligations agreed in the purchase contract, and the performance of the purchase contract is not only affected by the developer's own operation, but also restricted by many objective factors. Due to the various pros and cons of the off-plan housing system, there is currently a trend of abolition in China.
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Off-plan housing generally refers to the commercial housing that is sold to the public after the real estate development enterprise obtains the pre-sale license of the commercial housing, and the commercial housing is still in the construction stage and has not been completed. In order to attract buyers, some developers will decorate the model house in advance for buyers to visit and reference, but the model house is not necessarily exactly the same as the house that the buyer finally receives. Therefore, the biggest pitfall of buying off-plan properties is uncertainty.
In particular, in reality, the phenomenon of unfinished buildings has occurred more than once, that is, after the developer pre-sells the off-plan house, due to the rupture of the capital chain, it is impossible to continue to complete the construction of the real estate, resulting in the suspension of the real estate, and if there is no third party to take over, the real estate cannot resume work, and the buyer cannot obtain the house agreed in the pre-sale contract. Therefore, when buying off-plan housing, you should not choose the real estate developed by the developer with insufficient strength because of the low price, but should try to choose the real estate developed by a large real estate developer with strong financial strength.
Legal basis
Article 5 of the Administrative Measures for the Pre-sale of Urban Commercial Housing shall meet the following conditions: (A) has paid all the land use right transfer fees and obtained the land use right certificate; (B) holding construction project planning permits and construction permits; (3) According to the calculation of the pre-sold commercial housing, the funds invested in the development and construction of the project have reached more than 25 of the total investment in the construction of the project, and the construction progress and completion delivery date have been determined. Article 7 of the Administrative Measures for the Pre-sale of Urban Commercial Housing shall submit the following documents (copies) and materials to apply for a pre-sale license:
1) Application form for pre-sale permit of commercial housing; (2) The business license and qualification certificate of the development enterprise; (C) land use certificates, construction project planning permits, construction permits; (D) the proportion of funds invested in development and construction in the total investment in the construction of the project to meet the prescribed conditions; (E) the construction contract and a description of the construction progress; (6) Pre-sale plan for commercial housing. The pre-sale plan shall explain the location, area, completion and delivery date of the pre-sold commercial housing, and shall attach a layered floor plan of the pre-sold commercial housing.
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Off-plan property refers to:
Off-plan housing refers to the developer from the beginning of obtaining the commercial housing pre-sale license to the acquisition of the real estate certificate, during this period of commercial housing is called off-plan, consumers should sign a pre-sale contract when purchasing commercial housing at this stage.
Buying off-plan housing in Hong Kong and Macao is called buying "off-the-plan", which is a housing sales method commonly adopted by real estate developers in recent years under the pre-sale system of commercial housing. Buying off-plan property is when a buyer buys a real estate project that is still under construction.
Common Risks of Off-plan Properties:
In off-plan complaints, the quality of the property has always been at the top of the list. Because when consumers sign a purchase agreement with the developer, the house they buy has not yet taken shape, and they cannot see the actual situation of the house (even after the house is delivered, it is difficult to find some hidden project quality problems), therefore, consumers often have disputes with the developer because of the quality of the house.
In order to maximize profits, some developers use inferior materials or cut corners to reduce the quality standards of the project at will, resulting in serious quality problems such as foundation sinking, roof leakage, and pipe leakage, which have buried major hidden dangers to the quality and safety of the house.
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Off-plan housing generally refers to the houses that are built in the mu, have not yet completed the construction of the banquet, and cannot be delivered. That is, the developer from the beginning of obtaining the commercial housing pre-sale license to the acquisition of the real estate certificate, the commercial housing during this period is called off-plan, and consumers should sign a pre-sale contract when purchasing commercial housing at this stage. Due to the various pros and cons of the off-plan system, when the developer's funds are broken, the house is likely.
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Off-plan housing generally refers to houses that are under construction, have not yet completed construction, and cannot be delivered for use. That is, the developer from the beginning of obtaining the pre-sale license of the commercial credit house to the acquisition of the real estate certificate, the commercial housing during the period of the agitator is called off-plan, and the consumer should sign the pre-sale contract when purchasing the commercial housing at this stage. Due to the various pros and cons of the off-plan housing system, when the developer's funds are cut off, the house is likely to be cracked.
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The concept and difference between off-plan housing and existing housing People are accustomed to refer to houses under construction, unfinished construction, and undeliverable houses as off-plan housing. Off-plan housing refers to the real estate developer from the beginning of obtaining the pre-sale license of commercial housing to the acquisition of real estate ownership certificate and large property certificate, during this period of commercial housing is called off-plan housing, and the purchase of off-plan housing is also the buyer.
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