The house purchase contract is an agreement reached between the buyer and the real estate development enterprise on the basis of equality, voluntariness and consensus in accordance with the provisions of the Civil Law of People's Republic of China (PRC), the Urban Real Estate Management Law of People's Republic of China (PRC) and other relevant laws and regulations.
Legal basis: Article 45 of the Measures for the Administration of Real Estate in People's Republic of China (PRC) shall meet the following conditions for the pre-sale of commercial housing: (1) All land use right transfer fees have been paid and land use right certificates have been obtained; (2) Holding a construction project planning permit; (three) according to the pre-sale of commercial housing, the investment in development and construction has reached more than 25% of the total investment in engineering construction, and the construction progress and completion delivery date have been determined; (four) to the real estate management department of the people's government at or above the county level for pre-sale registration, and obtain the pre-sale permit certificate of commercial housing. The pre-sale of commercial housing shall, in accordance with the relevant provisions of the state, report the pre-sale contract to the real estate management department and land management department of the people's government at or above the county level for registration. The proceeds from the pre-sale of commercial housing must be used for related projects.