According to Wenzhou Municipal Government, 19 new policies monitoring the housing market have been unveiled recently, the Sunday punch being that all houses must be sold overtly online at a time within a given length of time. The property developers can¡¯t come up with any ways to take deposits; neither can they ask house purchasers to deposit their money. One must use the same identification during the process of application, random selection, purchase and signing the contract.

According to the newly issued regulation by Wenzhou Municipal Government -- Suggestions about Further Strengthening the Housing Supply and Ensuring the Stable and Healthy Development of the Real-estate Market, the down payments on second home mortgages should be no less than 40%, and the interest rates of the loan strictly are decided in accordance with the risk-based pricing. Every time when there is a housing supply, one with a valid ID can apply only once; one who is qualified by random selection to buy can purchase only one apartment; developers are no longer allowed to have 20% of the housing supply to themselves. Only when the investment in developing housing amounts to 25% of the total, the construction goes as far as to the first floor or above and all required materials like the advance sale plan of commercial houses are ready, can developers apply for the sale permit of commercial houses. Otherwise, they will fail to get them.