[Guangzhou: The deposit collected by real estate development companies shall not exceed 5% of the total price of the house] On September 30, the Guangzhou Municipal Bureau of Housing and Urban-Rural Development, the Guangzhou Municipal Planning and Natural Resources Bureau, and the Guangdong Supervision Bureau of the State Financial Supervision and Administration Bureau issued implementation opinions on the implementation of the "Notice on Improving the Commercial Housing Sales System." If a real estate development enterprise collects a deposit from the sale of an existing house, it shall obtain a construction permit for a residential building and sign a deposit contract with the buyer. The deposit collected by real estate development companies shall not be higher than 5% of the total price of the house. The house purchase deposit contract should stipulate the deposit amount, commercial housing selling price, delivery time, and liability for failure to perform the contract on time. The Guangzhou Housing Transaction Supervision Center is specifically responsible for the supervision of deposits for existing houses. All deposits paid by home buyers for existing houses should be deposited into the deposit supervision account, and the deposits cannot be used during the supervision period. After completion of the project completion acceptance record, water, electricity and other supporting facilities are ready for delivery, and the completion acceptance of the supporting public service facilities in the residential area independently set up in the residential land, the project deposit supervision will be lifted and the supervision account will be cancelled.