Shenzhen issued implementation opinions to enact the Notice on improving the
commodity housing sales system. Projects that obtain pre-sale permits after Aug.
28, 2026 may only receive personal housing loans, including provident fund
loans, after completion filing; loan proceeds must be paid via entrusted payment
into funds-supervision accounts. The city will boost development-loan support
for projects selling completed units and for projects meeting ‘safe,
comfortable, green, smart’ ("good house") standards. Lenders must stage
disbursements to match construction progress, channel funds via trustee payments
from accounts at the lead bank to project counterparties, ensure proceeds are
used exclusively for construction, and, for mixed completed/presale projects,
satisfy reasonable financing on market principles with loan timing aligned to
the construction cycle.
