Hangzhou issued local implementation opinions reforming the commodity housing sales system and introducing a deposit regime for completed-home sales. For projects sold as completed units, developers must obtain the building construction permit and file a deposit-sales plan with the local housing administrative department before signing purchase deposit contracts; deposit amounts may not exceed 5% of the property's total price. Deposits must be kept in supervised funds accounts and supervision is

Hangzhou issued local implementation opinions reforming the commodity housing sales system and introducing a deposit regime for completed-home sales. For projects sold as completed units, developers must obtain the building construction permit and file a deposit-sales plan with the local housing administrative department before signing purchase deposit contracts; deposit amounts may not exceed 5% of the property's total price. Deposits must be kept in supervised funds accounts and supervision is removed once the property meets delivery conditions. The city will adopt a standardized deposit-contract template and strengthen contract management; detailed rules on contract management and deposit supervision will be issued separately.