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China tightens rules on home presales and fund supervision, strengthens protection of homebuyers
China on Friday moved to further reform its commercial housing sales system, aiming to expand completed-home sales in an orderly manner while tightening rules on presales and fund supervision. The policy aims to tackle pain points in the sector by reducing information asymmetry, improving market transparency, and giving homebuyers stronger protection against delivery risks, experts noted.
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caixinglobal.com
China Overhauls Real Estate Credit Rules in Shift Away From Presale Model
New guidelines from financial regulators mark a shift away from the presale model, tighten oversight of project funds and allow mortgage terms of up to 40 years
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cryptobriefing.com
China unveils measures to overhaul nationwide home sales process
China shifts from pre-sale to completed-home sales model, with finished properties now making up 32.5% of transactions, up from 10.4% in 2021.
