Shanghai lets some existing housing projects use old pre-sale rules through 2027
Caixin reports the grace period is part of Shanghai’s local rules for implementing China’s new housing sales regulations, as developers face immediate funding needs.
TLDR
Caixin reports Shanghai’s rules allow some existing housing projects to use old pre-sale rules until the end of 2027. The outlet says the transition seeks to balance a national mandate to phase out pre-sales with developers’ immediate funding needs. It describes pre-sales as a model that fueled developer defaults and stalled projects.
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