Guangdong Housing Policy Research Center chief researcher Li Yujia said China will enter a transition period in which presales and sale‑on‑completion coexist; authorities will gradually raise presale thresholds and narrow the gap with sale‑on‑completion to reduce reform costs and pain and ultimately move to sale‑on‑completion. A regulatory Notice proposes a sponsor‑bank framework—each project designates one bank or a bank syndicate as sponsor to meet reasonable project financing and create spons

Guangdong Housing Policy Research Center chief researcher Li Yujia said China will enter a transition period in which presales and sale‑on‑completion coexist; authorities will gradually raise presale thresholds and narrow the gap with sale‑on‑completion to reduce reform costs and pain and ultimately move to sale‑on‑completion. A regulatory Notice proposes a sponsor‑bank framework—each project designates one bank or a bank syndicate as sponsor to meet reasonable project financing and create sponsor–developer interest‑sharing and risk‑sharing links; allows pooled per‑unit land‑use rights to be pledged as collateral for development loans; and supports developers issuing equity, bonds and other instruments so loan disbursements align with project construction cycles.