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(1) Property developers must have paid all charges for obtaining the land use
right (2) The land use right must be registered and property developers must
obtain property certificates (3) The construction planning licenses must be
obtained (4) The construction licenses must be obtained (5) For projects
of no more than seven storeys, groundwork construction must be complete and main
body contruction and roof sealing must be finished; For projects of eight or
more storeys, groundwork construction must be complete and two-thirds of main
body construction must be finished (no less than seven storeys) (6) The date
of delivery to buyers must be set and subsidiary public facility construction
plans launched (7) The property developer must have signed a supervisory
agreement on pre-selling charges with a Shanghai-registered bank (8) Property
developers must have drawn up a housing-use pact and signed first-stage service
contracts with property management companies |