Business · Companies · 33 mins ago
Chengdu raises home presale requirements and tightens control of buyer funds
Chengdu has raised the threshold for preselling new homes under a new citywide housing sales policy.
For projects on land offered for sale from August 28, 2026, a building must have its main structure topped out before the developer can seek permission to presell it.
The rules also say buyers’ deposits and mortgage payments must go into regulated project accounts, not developers’ own accounts.
This is intended to keep money for construction and delivery under closer control, while some older projects can continue under previous rules during a transition period.
The city will also gradually expand sales of completed homes, with developers required to meet registration and disclosure conditions before selling them.
For land offered from August 28, 2026, developers must use their own funds to buy residential sites and pay at least half the price within 30 days.
The measures take effect when issued, and Chengdu’s housing department will prepare a standard contract for deposits on completed-home sales.
Chengdu has raised the requirements for preselling new commercial housing projects and ordered that buyers’ payments go directly into regulated accounts.
The measures were jointly issued by the Chengdu housing and planning authorities and the Sichuan regulator of the National Financial Regulatory Administration.
For projects on land put up for sale after August 28, 2026, a building must have its main structure completed before the developer can apply for presale approval.
Down payments and personal housing loans must be paid into the project’s presale funds supervision account, not the developer’s own account.
The measures also provide for a gradual move to sales of completed homes and tighter controls on land purchases and project financing.
- Who
- Chengdu’s housing and planning authorities and the Sichuan regulator of the National Financial Regulatory Administration issued the measures.
- What
- Chengdu raised presale requirements and tightened controls on homebuyer funds.
- When
- The measures were issued on October 26, 2026, and took effect upon publication.
- Where
- Chengdu, Sichuan province, China.
- Why
- Not stated.
This story does not have two clearly opposing sides.
The new presale threshold applies to commercial housing projects on land whose sale announcement is issued on or after this date.
Chengdu’s housing and planning authorities and the Sichuan regulator issued the implementation measures.
Eligible projects that have obtained land but not a planning permit may apply under the old presale conditions until this date, subject to conditions.
Certain legacy projects that were delayed or suspended may use the old presale conditions until this date after filing.
- Presale threshold
- Main structure of each building must be topped out for eligible new projects.
- Buyer funds
- Down payments and personal housing loans must go directly into the project’s regulated account.
- Land payments
- At least 50% is due within 30 calendar days of signing the land transfer contract; the rest is due within two years.
- Project financing
- Each real estate project is assigned one lead bank.
- Existing-project transition
- Some eligible projects may apply under old presale conditions through December 31, 2027.
- Legacy-project transition
- Certain delayed or suspended projects may use old presale conditions through December 31, 2028.