China Unveils New Guidelines to Phase Out Pre-Sale Housing Model

China property crisis: Why Beijing is moving away from the pre-sale model

China's central bank and financial regulator unveiled new property sector guidelines. These measures aim to reduce developer reliance on presale funds significantly. Mortgages will now be issued only after housing projects are fully completed. Local governments will promote the sale of completed homes to prevent delivery risks. Financial institutions will take a greater role in project financing and monitoring.

By YASHASVI VASISTHA