Chinese authorities have introduced new regulations aimed at phasing out the long-standing presale housing model in favor of selling completed homes. Under the new framework, developers must ensure the main structural components of a building are finished before initiating sales. Furthermore, the government is strengthening financial oversight by requiring all buyer payments to be held in supervised accounts, with funds released to developers only after successful project inspections. To support this transition, the central bank has extended mortgage terms to 40 years and mandated that project financing be linked to lead banks. These reforms represent a significant shift in the real estate sector, moving away from rapid, credit-dependent expansion toward a model focused on project quality and financial stability. Experts suggest these measures are essential for addressing risks associated with stalled construction projects and improving overall market health.
Source : [Sixth Tone](https://www.sixthtone.com/news/1018976/China Pushes for Homes to Be Completed Before They’re Sold)
Photo : Sixth Tone
