China moves to improve commercial housing sales system

NAMPA / Xinhua

2026-08-28

BEIJING, Aug. 28 (Xinhua) -- China will steadily advance reforms to its commercial housing sales system and accelerate efforts to foster a new development model for the real estate sector, according to a recent circular jointly issued by three government departments. The circular calls on local authorities to regulate presale conditions for commercial housing and strengthen supervision of presale funds to ensure the safety of such funds, effec......

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