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CN Mulling Nationwide Implementation of Completed Commercial Home Sales System: Wire
China is considering rolling out a sales system for completed commercial homes nationwide in order to restore homebuyers' confidence in the real estate market, Bloomberg report...
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CN Mulling Nationwide Implementation of Completed Commercial Home Sales System: Wire
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China is considering rolling out a sales system for completed commercial homes nationwide in order to restore homebuyers' confidence in the real estate market, Bloomberg reported, citing sources familiar with the matter.

According to the sources, this new approach will target newly built commercial homes, while local governments will retain flexibility on implementation based on their own conditions. The completed home sales system will replace the previous pre-sale system as the main method for selling commercial homes, marking a new model for real estate development.

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The sources, however, also emphasized that the plan has not been finalized and is still subject to change.

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