China: What are the five 'certificates/permits' in China?

The five certificates/permits are designed and requlated by the Chinese governement to property developers. Developers need to obtain these certificates/permits before they can officially launch sales.

They include: Construction Permit, Land Certificate, Construction Use Land Planning Permit, Construction Project Planning Permit, and Presale Permit.


China: What is a '5A office building'?

It is similar to the hotel star rating system. 5A office building refers to the intellectual '5As', which includes:
1. OA: abbreviation of Office Automation
2. CA: abbreviation of Communication Automation
3. FA: abbreviation of Fire Automation
4. SA: abbreviation of Security Automation
5. BA: abbreviation of Building Automation
Therefore, the '5A' does not stand for quality. And the wording of 'super 5A' is but extremely unprofessional. 

China: What is 'people's air defence'?

People's air defence stands for 'air-raid shelter'.

China: What is a 'Grade A office building'?

It is a common term for office building without a fixed standard. After all, no one wants to be called a 'Grade B office building'.

China: How do we determine when the purchase takes place? Is it after property turnover or when the purchase and sale agreement is signed?

1. There are different regulations in each province. According to the law, it is deemed to have taken place after the title deed is received.

2. In Nanning and Shanghai, a presale property is purchased when deed tax is paid and deed tax receipt is obtained. The time of paying deed tax is when the first progress payment is made. 

Exclusive News

Real estate investors look to Southeast Asia
〔THE CHINA POST〕 TAIPEI, Taiwan -- Facing a low-performing local real estate market, Taiwanese investors are reportedly putting their money abroad in up-and-coming development properties throughout Southeast Asia. Two large international real estate firms hosted separate press conferences on Tuesday to analyze the latest trend in real estate purchases. According to Executive Director David Chin (泰啟松) of Asia Pacific International Property, the firm, which specializes in real estate transactions in the Asia-Pacific region, made nearly NT$7.3 billion in sales.