Hangzhou issued local implementation opinions on reforming the commercial housing sales system. Improve the commercial housing sales system in terms of strengthening pre-sale management of commercial housing, promoting existing commercial housing sales in an orderly manner, implementing a host banking system, increasing financing support, optimizing land supply management, supporting phased project development, and implementing phased completion and filing. The “Implementation Opinions” clarify the time points for setting new and old policies for commercial housing projects. For commercial housing projects that have obtained construction planning permits before August 28, 2026, pre-sale conditions, pre-sale fund supervision, etc. are still enforced in accordance with the original regulations. Commercial housing projects that have obtained the right to use state-owned construction land before August 28, 2026 but have not obtained a construction project planning license will, in principle, carry out pre-sale management according to newly acquired land projects.

Hangzhou issued local implementation opinions on reforming the commercial housing sales system. Improve the commercial housing sales system in terms of strengthening pre-sale management of commercial housing, promoting existing commercial housing sales in an orderly manner, implementing a host banking system, increasing financing support, optimizing land supply management, supporting phased project development, and implementing phased completion and filing. The “Implementation Opinions” clarify the time points for setting new and old policies for commercial housing projects. For commercial housing projects that have obtained construction planning permits before August 28, 2026, pre-sale conditions, pre-sale fund supervision, etc. are still enforced in accordance with the original regulations. Commercial housing projects that have obtained the right to use state-owned construction land before August 28, 2026 but have not obtained a construction project planning license will, in principle, carry out pre-sale management according to newly acquired land projects.