Beijing issued implementation guidance on the national notice to improve the
commodity housing sales system, setting transitional pre-sale rules for
in-flight projects. First, projects that by Aug. 28, 2026 (inclusive) have
obtained (or partially obtained) a construction project planning permit but not
a pre-sale permit may apply for pre-sale under existing pre-sale conditions and
existing pre-sale funds supervision. Second, projects that by Aug. 28, 2026 have
obtained (or are in the process of obtaining) state-owned construction land use
rights but lack a construction project planning permit are in principle subject
to the new pre-sale management rules for new projects; districts that can
guarantee on-time completion may, after filing with municipal authorities and
under strengthened pre-sale funds supervision, allow these projects to apply for
pre-sale under original pre-sale conditions until end-2027. Third, legacy
projects that by Aug. 28, 2026 have obtained state-owned construction land use
rights may be handled per in-flight project provisions after district-level risk
assessment. The measures aim to ensure a smooth transition for on-going
projects.
