The payment standards for housing maintenance funds for new home purchases in Shanghai are as follows: Real estate development companies and home buyers who build new domestic commercial housing must pay the first installment of maintenance funds according to the following standards: (1) For housing equipped with elevators, real estate development companies shall pay the cost per square meter of construction area

4% of the price is paid; for residences without elevators, real estate development companies pay 3% of the cost price per square meter of construction area.

(2) For residences equipped with elevators, the purchaser shall pay 3% of the cost price per square meter of construction area; for residences not equipped with elevators, the purchaser shall pay 2% of the cost price per square meter of construction area.

The cost price per square meter of construction area for newly built commercial residential buildings sold domestically shall be determined by the Municipal Bureau of Real Estate, Land and Resources and the Municipal Price Department.

Regulations: A maintenance fund must be set up for newly built domestic commercial housing, and the first installment of the maintenance fund shall be paid by the real estate development enterprise and the home buyer.