Beijing mandates structural completion for pre-sale permits, prioritizes completed home sales from 2026
On September 24, 2026, four Beijing municipal departments jointly issued an implementation opinion reforming the city's commercial housing sales system, effective immediately. For new projects (land auctions after August 28, 2026), pre-sale permits require the main structure to be topped out with a signed acceptance record. Pre-sale funds face full supervision until project completion. New projects must prioritize sales of completed homes. A lead bank system for development loans and delayed personal mortgage disbursement until project completion are also introduced.
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Beijing mandates capped pre-sales, prioritizes existing home sales from September 2026
On September 24, 2026, four Beijing municipal departments jointly issued an implementation opinion to reform the city's commercial housing sales system, effective immediately. The policy, aligned with national directives, introduces six key measures. First, for new projects (land auctions after August 28, 2026), pre-sale permits require the main structure to be topped out and a structural acceptance record. Pre-sale funds will be fully and continuously monitored until project completion. Transitional rules apply to projects at different stages. Second, new projects must prioritize existing home sales; developers can sign deposit contracts (max 1% of price) after obtaining a construction permit, with buyer cancellation rights if delivery is delayed. Third, a lead bank system is established for development loans, requiring all project funds to be managed in accounts at the lead bank. Fourth, personal mortgage loans for pre-sale projects can only be disbursed after project completion and must be paid into the pre-sale supervision account. Fifth, land supply is optimized with support for 'ready-to-build' schemes and extended land premium payment terms (50% down payment within 30 days, balance within two years, interest-free). Sixth, market order will be strictly regulated, including a project company system and quality assurance from design to delivery.
Read sourceBeijing to Require Completed Building Structures for Pre-Sale Permits, Prioritizes Spot Sales
On September 24, the Beijing Municipal Commission of Housing and Urban-Rural Development, along with three other municipal agencies, jointly issued an implementation opinion on improving the commercial housing sales system. Effective September 24, 2026, the new rules mandate that for commercial housing projects whose land use rights auction notices are published after August 28, 2026, developers applying for pre-sale permits must have the main structure of the single building completed (topped out). They must also submit a signed acceptance record for the main structure sub-project from the construction, survey, design, construction, and supervision units. Additionally, pre-sale funds will be subject to full and whole-process supervision, which will only be lifted after the project passes joint acceptance. The policy also stipulates that starting August 28, 2026, new projects should prioritize spot (completed) sales over pre-sales.
Read sourceBeijing mandates capped pre-sales for new housing projects, prioritizes spot sales from August 2026
The Beijing Municipal Commission of Housing and Urban-Rural Development, along with three other departments, issued an implementation opinion on September 24, 2026, to reform the city's commercial housing sales system. Effective August 28, 2026, newly auctioned land parcels for commodity housing must achieve structural topping-out before applying for pre-sale permits, with full and process-wide supervision of pre-sale funds. The policy prioritizes spot (completed) housing sales for new land projects. For projects already in the pipeline, transitional rules apply, including stricter fund supervision and a deadline of end-2027 for old pre-sale conditions. The policy also introduces a lead bank system for development loans, delays personal mortgage disbursement until after project completion and filing, and encourages development loans for spot-sale and 'good housing' projects. Land supply will be optimized around rail transit, with flexible payment terms for land premiums. The measures aim to stabilize the real estate market, protect buyer interests, and promote a new development model.
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Beijing mandates capped pre-sales, prioritizes existing home sales from September 2026
Beijing's municipal authorities, including the Housing and Urban-Rural Development Commission, have jointly issued an implementation opinion to reform the commercial housing sales system, effective September 24, 2026. The policy, aligned with national directives, introduces six key measures. First, for new projects (land auctions after August 28, 2026), pre-sale permits require the building structure to be topped out and a signed acceptance record. Pre-sale funds will be fully and continuously supervised until project joint acceptance. Transitional rules apply to projects at different stages. Second, new projects must prioritize selling completed (existing) homes. Developers can sign deposit contracts (max 1% of price) after obtaining a construction permit, with buyer cancellation rights if delivery is delayed. Third, a lead bank system is established for development loans, requiring all project funds to be managed in accounts at the lead bank. Fourth, personal housing loans (including provident fund loans) for new pre-sale projects can only be disbursed after project completion, via entrusted payment to the supervision account. Development loan support is increased for existing home and 'good house' projects. Fifth, land supply is optimized with support for planned plot sales and 'start construction upon land acquisition', and land premiums can be paid in installments over two years. Sixth, market order will be strictly regulated, including a project company system and quality assurance systems.
Read sourceBeijing to Strengthen Pre-Sale Management and Advance Property Sales from 2026
On September 24, the Beijing Municipal Commission of Housing and Urban-Rural Development, along with three other municipal departments, jointly issued an implementation opinion on improving the commercial housing sales system. The new rules, effective September 24, 2026, apply to commercial housing projects whose land use rights auction announcements are published after August 28, 2026. Key measures include requiring that for pre-sale applications, the main structure of a single building must be completed and sealed, accompanied by signed acceptance records from the project's construction, survey, design, construction, and supervision units. Additionally, pre-sale funds for new projects will be subject to full and whole-process supervision, with the fund supervision only being lifted after the project passes a joint acceptance inspection. The policy aims to strengthen pre-sale management and promote the orderly advancement of property sales in Beijing.