What proportion is paid to the first-hand housing maintenance fund?

For the first-phase maintenance fund of newly built commercial housing, real estate developers pay 3%-4% of the cost price per square meter of construction area; house buyers pay 2%-3% of the cost price per square meter of construction area.

■Before the owners' committee is established, the maintenance fund is supervised by the district or county real estate management department where the property is located. The principal and interest belong to the owner and cannot be used by any unit or individual.

After the owners' committee is established, it should sign an entrustment agreement with a commercial bank in this city and open a maintenance fund account in the property management area to be used for the overhaul and update of residential parts and facilities and equipment after the warranty period expires.

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