Pre-sales law to come into effect on June 1

2013-5-28

From：Macau Business

The city’s first law on sales of unfinished homes will come into force on June 1, according to yesterday’s Official Gazette.

The law requires developers to finish the project’s base foundations, and to complete the temporary horizontal property registration before being allowed to sell the flats.

The sales of unfinished homes before June 1 will still be effective, however re-sales of such houses will only be allowed after the houses are registered with the Real Estate Registry.

Copyright@Macau Business