In order to implement the decision-making mechanisms for regulating and
controlling the real estate of the Central Committee of the Party and the State
Council and ensuring a stable and healthy development of the real estate market
in Sanya and Haikou on the Hainan Island, yesterday seven ministries and
commissions jointly organized a special campaign to combat violations of laws
and interests of the masses in real estate.
he Departments of Housing, Industry and Trade will continue to jointly conduct
network investigations, focusing on combating illegal behavior in the real
estate market that infringes on people's interests. As of the end of July 2018,
17 companies that violated the laws and regulations were punished, and on August
12, 2018, the Haikou Municipal Housing Authority and the municipal
administration of industry and commerce considered and found that the process of
stimulating sales of the project Poly Hongying (Central Coast) was not
standardized. The Municipal Housing and Construction Bureau immediately closed
the project to limit sales. A notice of correction during the period was issued
on-site, requiring the development company to promptly rectify and cooperate
with the relevant departments for investigation. The Bureau of Municipal
Industry and Trade also participated in the investigation of alleged illegal
advertising on the project.
The cities of Sanya and Haikou will continue to strengthen the joint law
enforcement agencies of several departments, focusing on combating illegal
behavior in the real estate market, including real estate speculation, illegal
real estate development companies and false real estate announcements, and
insist on the correction of norms and systems.
In order to implement the decision-making mechanisms for regulating and
controlling the real estate of the Central Committee of the Party and the State
Council and ensuring a stable and healthy development of the real estate market
in Sanya and Haikou on the Hainan Island, yesterday seven ministries and
commissions jointly organized a special campaign to combat violations of laws
and interests of the masses in real estate.
he Departments of Housing, Industry and Trade will continue to jointly conduct
network investigations, focusing on combating illegal behavior in the real
estate market that infringes on people's interests. As of the end of July 2018,
17 companies that violated the laws and regulations were punished, and on August
12, 2018, the Haikou Municipal Housing Authority and the municipal
administration of industry and commerce considered and found that the process of
stimulating sales of the project Poly Hongying (Central Coast) was not
standardized. The Municipal Housing and Construction Bureau immediately closed
the project to limit sales. A notice of correction during the period was issued
on-site, requiring the development company to promptly rectify and cooperate
with the relevant departments for investigation. The Bureau of Municipal
Industry and Trade also participated in the investigation of alleged illegal
advertising on the project.
The cities of Sanya and Haikou will continue to strengthen the joint law
enforcement agencies of several departments, focusing on combating illegal
behavior in the real estate market, including real estate speculation, illegal
real estate development companies and false real estate announcements, and
insist on the correction of norms and systems.