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Sanya and Haikou on the island of Hainan, China continue to adjust the real estate market, focusing on four types of violations

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.


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