Harbin introduces new real estate regulations that require clear visibility of shared area, interior building area, etc

On March 15th, according to a report from Harbin, on the 14th, it was learned from the Harbin Housing and Urban Rural Development Bureau that in order to further standardize the system of publicizing the sales area of real estate development enterprises and effectively safeguard the legitimate rights and interests of consumers, the bureau has issued a notice on further standardizing the relevant matters of publicizing the sales area of commercial housing, which will be implemented from today. The Notice requires real estate development enterprises to prominently display the building area and interior building area of each commercial housing unit at the sales office when selling commercial housing, as well as the location and area of the shared building and the calculation basis for each household’s allocation, in order to improve the transparency of area disclosure.

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