Reform of Pre-Sold Housing Sales System Accelerates; Multiple Regions Devise Support Policies for Completed Housing Sales

The completed housing sales system is a key initiative for building a new model of real estate development. A People's Finance reporter has exclusively learned that many regions across the country are researching and planning support policies for completed housing sales, vigorously and orderly promoting pilot programs for completed housing sales, and striving to further increase the proportion of completed housing sales. During the "16th Five-Year Plan" period, Sichuan Province, for instance, will encourage localities to gradually raise pre-sale conditions, optimize the supervision of pre-sale funds, and vigorously and orderly advance pilot programs for completed housing sales. It will encourage localities to support developers in selling completed housing by appropriately reducing the proportion of land bidding security deposits, easing timelines for phased development and payment installments, optimizing and adjusting construction start and completion times, and allowing phased and parcel-based registration of land use rights for construction sites. Financial institutions are encouraged to prioritize providing development loans to pilot completed housing sales projects in accordance with the principles of legality, compliance, controllable risks, and commercial sustainability, with the loan term extended until the completed housing sales stage. Efforts will be made to actively implement tax and fee preferential policies for pilot commercial completed housing sales projects according to laws and regulations.

Meanwhile, during the "16th Five-Year Plan" period, Chongqing will further improve the completed housing sales system, establish a record-filing management system for completed sales, refine the filing process, strive to further increase the proportion of completed housing sales citywide, research and plan support policies for completed housing sales, and steadily advance the reform of the completed housing sales system. Additionally, Fujian Province will further refine and improve its provincial "16th Five-Year Plan" for housing development, promote the completed housing sales system, and research and formulate differentiated policy measures. Anhui will adhere to a city-specific policy approach to vigorously and orderly promote commercial completed housing sales. Guangdong will continuously improve policies related to real estate development, financing, sales, etc., and accelerate work related to completed housing sales. Shaanxi encourages localities to actively promote completed housing sales, explore support policies for completed housing sales, and conduct pilot programs. Tianjin is actively advancing pilot work for completed housing sales and will continuously improve supporting policies for completed housing sales in the next step. Zhejiang, for its part, will implement relevant supporting policies for completed housing sales projects and introduce related support policies concerning land, finance, taxation, etc., in accordance with laws and regulations.