Beijing mandates topping-out before pre-sale, prioritizes spot housing sales from 2026
On September 24, 2026, Beijing issued new rules reforming its commercial housing sales system, effective immediately. For land acquired after August 28, 2026, pre-sale permits require the main structure to be topped out, with full supervision of pre-sale funds until project acceptance. New projects must prioritize spot (completed) sales, with developers allowed to collect a maximum 1% deposit after obtaining a construction permit. Mortgage loans for these projects can only be disbursed after completion. Land payment terms are eased to 50% down within 30 days, balance within two years interest-free.
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Beijing Issues New Commercial Housing Pre-Sale Policy, Tightening Conditions and Promoting Cash Sales
The Beijing Municipal Housing and Urban-Rural Development Commission, along with three other departments, issued a new implementation opinion on September 24, 2026, to reform the commercial housing sales system. Effective immediately, the policy mandates that for new land parcels acquired after August 28, 2026, pre-sale permits require the main structure to be topped out, with full and全过程 (whole-process) supervision of pre-sale funds until project joint acceptance. For projects already in the pipeline, transitional rules apply with stricter fund supervision. The policy prioritizes cash sales for new land parcels, allowing developers to collect a maximum 1% deposit after obtaining a construction permit. It introduces a lead bank system for development loans, requiring all project-related funds to be managed in accounts opened at the lead bank. Personal mortgage loans (including provident fund loans) for projects with pre-sale permits obtained after August 28, 2026, can only be disbursed after project completion and filing. Land payment terms are eased, allowing a 50% down payment within 30 days and the remainder within two years, interest-free. The policy aims to stabilize the real estate market, ensure project delivery, and promote the construction of 'good houses'.
Read sourceBeijing Strengthens Pre-Sale Management for New Housing Projects, Prioritizes Spot Sales
On September 24, the Beijing Municipal Commission of Housing and Urban-Rural Development, along with three other departments, issued an implementation opinion to strengthen the regulation of commercial housing sales. Effective immediately, the policy introduces stricter pre-sale management, requiring that for projects with land use rights auctioned after August 28, 2026, pre-sale applications can only be made after the main structure is topped out and verified by relevant parties. Full and whole-process supervision of pre-sale funds is mandated, with release only after joint project acceptance. The policy also prioritizes spot (completed) housing sales for new projects starting August 28, 2026, requiring developers to file a spot sales plan after initial property registration, ensuring the property is free of mortgages or liens. Additional measures cover the implementation of a lead bank system, credit management, land supply, and market order regulation.
Read sourceBeijing: Developers Can Collect Up to 1% Deposit After Construction Permit, New Rules Effective 2026
On September 24, multiple Beijing departments jointly issued the 'Implementation Opinions on Improving the Commercial Housing Sales System.' The document stipulates that from August 28, 2026, new projects should prioritize spot (completed) housing sales. Developers must apply for spot sales filing with the district housing authority after the first property registration, and the property and land use rights must be free of mortgages or seizures. During the spot sales process, developers may sign deposit contracts with buyers after obtaining the construction permit, generally collecting no more than 1% of the total house price as a deposit. If the developer defaults and fails to deliver on time, the buyer has the right to terminate the deposit contract as agreed.
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Beijing: Developers Can Collect 1% Deposit After Construction Permit, Prioritize Spot Sales from 2026
Beijing's multiple departments jointly issued an implementation opinion on improving the commercial housing sales system. The policy stipulates that from August 28, 2026, new projects should prioritize spot (completed) housing sales. Developers must apply for spot sales filing with district housing authorities after property registration, ensuring no mortgages or liens on the property. During the spot sales process, developers can sign deposit contracts with buyers after obtaining the construction permit, generally collecting no more than 1% of the total house price as a deposit. If the developer defaults and fails to deliver on time, the buyer has the right to terminate the deposit contract as per the agreement. The policy aims to regulate the housing market and protect buyer interests.
Read sourceBeijing Implements Major New Housing Market Policies Starting September 24, 2026
Beijing's housing authorities, including the Municipal Housing and Urban-Rural Construction Commission and the Municipal Planning and Natural Resources Commission, jointly issued an implementation opinion on improving the commercial housing sales system, effective September 24, 2026. The policy outlines six key measures: First, strengthening presale management by requiring new projects (after August 28, 2026) to complete main structure topping-out and obtain acceptance records before applying for presale permits, with full and whole-process supervision of presale funds until project joint acceptance. Second, orderly implementing spot-sale housing, prioritizing spot sales for new projects, with developers allowed to collect up to 1% deposit after obtaining construction permits. Third, introducing a lead bank system for development loans, requiring all project-related funds to be managed in accounts at the lead bank. Fourth, tightening credit management by requiring completion filing before issuing individual mortgage loans for projects after August 28, 2026. Fifth, optimizing land supply by supporting phased land payment plans with a 50% down payment within 30 days and balance within two years interest-free. Sixth, regulating market order through project company systems and quality assurance systems.
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