On September 24, nearly a month after the “8.28” new real estate policy was introduced, Beijing took the lead in handing over local rules and answers, which were clearly refined in areas such as capped pre-sales, pilot mortgage loans, land installments, and a deposit system for current sales. Industry insiders interviewed by the reporter believe that the Beijing Rules use the method of “dividing old and new” and promoting classification. They not only firmly implement the central government's standards, but also provide some moderate relaxation in line with the actual situation in Beijing, which will help developers continue to acquire land and invest in Beijing, and will provide reference for other cities. It is expected that more cities will implement the rules in the future to ease market wait-and-see sentiment caused by uncertain policies.

On September 24, nearly a month after the “8.28” new real estate policy was introduced, Beijing took the lead in handing over local rules and answers, which were clearly refined in areas such as capped pre-sales, pilot mortgage loans, land installments, and a deposit system for current sales. Industry insiders interviewed by the reporter believe that the Beijing Rules use the method of “dividing old and new” and promoting classification. They not only firmly implement the central government's standards, but also provide some moderate relaxation in line with the actual situation in Beijing, which will help developers continue to acquire land and invest in Beijing, and will provide reference for other cities. It is expected that more cities will implement the rules in the future to ease market wait-and-see sentiment caused by uncertain policies.