Business · Economy · 3 hrs ago
19 Chinese Cities Set Out Rules to Improve Home Sales
Nineteen Chinese cities have issued local rules for new-home sales after a national notice called for changes to the system.
The cities include Beijing, Shanghai, Guangzhou, Shenzhen and Nanjing.
The measures aim to tighten conditions for selling homes before they are built and to encourage sales of completed homes.
Some cities are also allowing developers to replace certain restricted pre-sale funds with bank guarantees, provided the money still supports construction and delivery.
Nanjing allows some completed homes to be sold with an existing mortgage, if the developer, bank and buyer agree.
Jinan is offering buyers of completed homes more support through housing provident fund loans.
The changes are beginning to affect land markets, but their impact is still at an early stage and they may not fully ease developers’ financing pressures.
Developers are expected to remain cautious about buying land, while future market trends will depend on home sales, company finances and how local rules are put into practice.
Nineteen Chinese cities have issued local rules to implement a national notice on improving the sale of commercial housing.
The rules cover measures including pre-sale management, sales of completed homes, project companies and lead banks.
Cities are clarifying conditions for pre-sales and completed-home sales, transition arrangements for ongoing projects, and oversight of pre-sale funds.
Some local rules also offer support such as guarantees to replace restricted pre-sale funds and housing provident fund benefits for buyers of completed homes.
The policy’s effects on the land market are still at an early stage, according to an industry researcher cited in the report.
- Who
- Nineteen Chinese cities, including Beijing, Shanghai, Guangzhou, Shenzhen and Nanjing, have issued local implementation policies.
- What
- The cities have set out rules to improve the sale of commercial housing, including measures on pre-sales and sales of completed homes.
- When
- The policies followed a national notice; the article was published on November 3, 2026.
- Where
- Across China.
- Why
- To implement the national notice and improve the commercial housing sales system.
This story does not have two clearly opposing sides.
Nineteen cities issued policies to implement the notice on improving the commercial housing sales system.
Local rules used this date as a key cutoff for conditions on pre-sales and sales of completed homes, among other arrangements.
Xi'an issued rules encouraging guarantees to replace pre-sale funds, with the funds required to be used for construction.
Jinan issued rules expanding housing provident fund support for buyers of completed homes.
China News Service reported that Nanjing had recently issued trial implementation measures.
- Cities with local policies
- 19
- Nanjing measures
- Nine areas of action
- Xi'an policy date
- October 30
- Jinan policy date
- October 30
- Jinan maximum loan, one contributing household member
- 1.7 million yuan
- Jinan maximum loan, two or more contributing household members
- 2.4 million yuan
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What people are saying
The overall policy frameworks are largely similar, with clear detailed rules adapted to local conditions.