Most mistakes around pink books and sale agreements come from missing one of the points below.
The pink book is the certificate of land use rights and home ownership. A home with a pink book has completed its legal formalities, and the person named in it is the legally recognised owner.
When you buy from a developer you usually sign a sale and purchase agreement first, and the certificate follows once the project completes its procedures. The wait differs between projects, so ask for the expected date and the terms if it is late.
Before signing, check the owner name, the unit number, the area and any mortgage on the home. Any verbal agreement should be written down to avoid disputes later.
This article gives general information only and the rules can change. Before you pay a deposit or sign a contract, ask a lawyer or the competent authority; this is not legal advice.
