Chengdu has rolled out new real estate policies.
Detailed local implementation rules for Chengdu on the delivery guarantee of commercial housing and the reform of the sales system, which are highly concerned by home buyers, have been released. On October 26, our reporter learned from the Chengdu Municipal Bureau of Housing and Urban-Rural Development that three departments, namely Chengdu Municipal Bureau of Housing and Urban-Rural Development, Chengdu Municipal Bureau of Planning and Natural Resources, and Sichuan Regulatory Bureau of the National Administration of Financial Regulation, jointly issued the Implementation Opinions on the Sales System of Commercial Housing. On the one hand, it clarifies that the pre-sale of new land projects will be raised to the point where the main structure is capped, and the scope of existing housing sales will be expanded in an orderly manner. On the other hand, transitional policies are set for stock projects and legacy projects, with multi-dimensional supporting measures covering land, finance and construction management, so as to ensure the stable transition of the industry and the stability of market supply and demand on the premise of securing the bottom line of housing delivery.
The original text is as follows:
All relevant entities: To implement the relevant requirements of the Notice of the Ministry of Housing and Urban-Rural Development, the Ministry of Natural Resources and the State Administration of Financial Regulation on Improving the Commercial Housing Sales System (Jianfanggui [2026] No. 3), accelerate the construction of a new model of real estate development, steadily promote the reform of the commercial housing sales system, and put forward the following implementation opinions in light of the actual conditions of this municipality.
I. Clarify the Pre-sale Conditions for Commercial Housing
(1) Optimize the pre-sale management of stock projects. For commercial housing projects that have obtained (including partially obtained) the Construction Project Planning Permit before (and including) August 28, 2026, the pre-sale conditions, pre-sale fund supervision and other related matters shall be implemented in accordance with the original policies; the scope of the project shall be defined by the scope agreed in the land transfer contract.
(2) Standardize the pre-sale conditions for new projects. For commercial housing projects for which the state-owned construction land use right transfer announcement is newly released after August 28, 2026, if applying for pre-sale, the main structure of the single building project shall be capped. The capping standard refers to the completion of the pouring of the top floor slab of the single pre-sale building.
(3) Support the smooth transition of projects in the development process. For commercial housing projects that have obtained the state-owned construction land use right (including those with announced transfer) but have not obtained the Construction Project Planning Permit before (and including) August 28, 2026, the new pre-sale policy shall be implemented in principle. To maintain the stable supply and demand of the market, for projects that are assessed by the district (city) county government (management committee) to have controllable risks and can be completed and delivered on schedule, under the condition of strengthened pre-sale fund supervision, after reporting to the municipal housing and urban-rural development department and the municipal planning and natural resources department for the record, pre-sale can still be applied for in accordance with the original pre-sale conditions of our city before December 31, 2027. The pre-sale funds of the project shall be supervised in accordance with the provisions of the new policy, and a key supervision quota shall be set. The key supervision quota shall cover all the remaining project construction costs of the project, so as to ensure that the project passes the completion acceptance and the supporting facilities such as water, electricity and gas meet the conditions for delivery and use.
(4) Support the revitalization of projects with legacy problems. For projects with legacy problems such as overdue undeveloped and suspended construction that have obtained the state-owned construction land use right before (and including) August 28, 2026, when revitalized, after risk assessment and collective research and decision-making by the relevant district (city) county government (management committee), and before December 31, 2028, after reporting to the municipal housing and urban-rural development department and the municipal planning and natural resources department for the record, the original pre-sale conditions can be implemented.
II. Clarify the Supervision Mode of Pre-sale Funds for New Projects
(1) Supervision responsibilities and institutions. The housing and urban-rural development departments at the municipal and county levels shall perform the duties of pre-sale fund supervision. The Municipal Housing Property Transaction Center, as the housing fund supervision institution, shall undertake the specific supervision work within the scope of Jinjiang District, Qingyang District, Jinniu District, Wuhou District, Chenghua District and Chengdu High-tech Zone (hereinafter referred to as the "5+1" area). For Sichuan Tianfu New Area, Chengdu Eastern New Area and other districts (cities) and counties, the local government (management committee) shall determine the fund supervision institution, which may also entrust the Municipal Housing Property Transaction Center to undertake the specific supervision work.
(2) Fund entry into account. The housing fund supervision institution shall sign a fund supervision agreement with the real estate development enterprise, and open a fund supervision account at the project's host bank. All home purchase funds paid by home buyers, including down payments and individual housing loans, shall be directly deposited into the project pre-sale fund supervision account.
(3) Lifting of supervision. After the commercial housing project completes the completion acceptance filing and the delivery and use filing of ancillary facilities and equipment, the development enterprise can lift the fund supervision, but appropriate funds shall be reserved for housing delivery and the first-time registration.
III. Orderly Promote the Sale of Completed Commercial Housing
(1) Continuously promote the sale of completed housing for newly transferred land. For land with a new transfer announcement released after August 28, 2026, the sale of completed housing shall be promoted in an orderly manner. For projects implementing completed housing sales, relevant information on completed housing sales shall be disclosed to the public in the land transfer announcement; if the sales method is not specified in the announcement, the sales method shall be independently determined by the real estate development enterprise in combination with market demand.
(2) Strengthen the filing management of completed housing sales. Before selling completed housing, the real estate development enterprise shall go through the first-time housing registration, and submit the completed housing sales plan, the real estate right registration certificate, and the delivery and use filing opinion of ancillary facilities and equipment to the municipal and county housing and urban-rural development departments for the record. The houses for completed housing sales and the corresponding construction land use right shall not have any restrictions on transactions such as mortgage or seizure.
(3) Promote the deposit system for completed housing sales. For commercial housing projects that implement completed housing sales, the real estate development enterprise shall clarify the intention of completed sales in writing to the municipal and county housing and urban-rural development departments before obtaining the Construction Permit for Construction Projects. After obtaining the Construction Permit for Construction Projects, it can sign a home purchase deposit contract with the home buyer, and collect a deposit not exceeding 5% of the total house price. If the real estate development enterprise defaults and cannot deliver the house on schedule, the home buyer has the right to request to terminate the deposit contract in accordance with the contract.
The Municipal Housing Property Transaction Center shall undertake the deposit supervision work in the "5+1" area. For Sichuan Tianfu New Area, Chengdu Eastern New Area and other districts (cities) and counties, the local government (management committee) shall determine the deposit supervision institution, which may also entrust the Municipal Housing Property Transaction Center to undertake the work. The deposit supervision institution shall open a supervision account at the project host bank, and lift the deposit supervision after the house meets the delivery conditions. The deposit is under closed management throughout the whole process and shall not be used.
The Municipal Bureau of Housing and Urban-Rural Development shall formulate a model text for the home purchase deposit contract. The home purchase deposit contract shall stipulate the deposit amount, the corresponding housing source, the selling price of commercial housing, the delivery time and the liabilities for failure to perform the contract on schedule, so as to protect the legitimate rights and interests of both parties.
IV. Optimize Land Supply Management
In accordance with the housing development plan, annual plan and market demand, reasonably optimize the layout of commercial residential land, and scientifically coordinate the scale and rhythm of land supply. Prioritize the transfer of high-quality land parcels with good location advantages, sufficient work-residence demand and complete public service supporting facilities to effectively meet market demand. Explore the reasonable setting of completed housing sales requirements for land parcels according to indicators such as regional work-residence demand and the scale of proposed transferred land parcels. Explore the differentiated setting of finished residential building construction requirements according to the sales method. Continuously optimize the integrated urban design, and support the transfer with the plan in accordance with the land demand for the comprehensive development of rail transit stations and other land, so as to promote "starting construction immediately after land acquisition".
Real estate development enterprises must use their own funds to purchase land. For commercial residential land with a transfer announcement released after August 28, 2026, the transfer price can be paid in installments in accordance with national regulations. The down payment shall be paid within 30 natural days from the date of signing the transfer contract, with the payment ratio not less than 50% of the total land transfer price, and the remaining balance can be paid off within two years after the signing of the transfer contract. No interest shall be accrued for the installment payment.
V. Implement Financial Supervision Requirements
(1) Implement the host bank system for real estate projects. A single real estate project corresponds to one bank as the host bank, which conducts closed management of project funds. For commercial housing projects that newly sign real estate loan contracts after August 28, 2026, if the lending bank provides development loans alone, the lending bank shall be the host bank; if the lending bank forms a syndicate to provide loans, the lead bank of the syndicate loan shall be the host bank. For other projects, the host bank shall also be determined through negotiation according to the needs of fund supervision.
Real estate development enterprises shall open fund accounts at the host bank. During the duration of the project, all funds related to the project, including development loans, project own funds, and completed housing sales funds, shall be included in the fund account opened at the host bank for management.
(2) Increase financing support for projects. Lending banks shall reasonably determine the release nodes and release amount according to the project construction progress, and issue development loans in batches. The loan funds shall be paid through the fund account opened at the host bank to the account of the counterparty of the project company by entrusted payment, and shall be fully used for project construction. For projects that implement completed housing sales and pre-sales, meet the reasonable financing needs of projects in accordance with market-oriented principles, so as to match the issuance of development loans with the project construction cycle. Support real estate project development companies to carry out financing through equity, bonds and other multiple methods.
VI. Strengthen Development and Construction Management
(1) Implement the project development company system for commercial housing development and construction. Real estate development enterprises shall timely fill in information such as project land acquisition, naming, host bank, development loans, own funds, project development plan, and construction progress through the project manual (electronic project manual).
(2) Optimize the technical management provisions for star-rated green buildings, full decoration and finished residences of real estate projects, reduce resource waste, improve the development quality of real estate projects, and build safe, comfortable, green and smart "high-quality houses".
(3) Implement the primary responsibility of the construction unit for quality and safety. The measures fee for safe production and civilized construction must be listed separately and allocated in full. It is strictly prohibited to arbitrarily compress the reasonable construction period, and it is strictly prohibited to compress key processes such as concrete pouring. Implement the system of material entry acceptance and witness sampling, strengthen the management of household-by-household acceptance, and promote the effective connection between the results of household-by-household acceptance and completion acceptance and delivery and use. Promote the residential engineering quality potential defect insurance (IDI).
(4) Support phased development, phased construction permit handling and phased acceptance. Explore and support the phased and staged development and sales of projects. Before the start of the project, the real estate development enterprise, together with the design and construction units, shall reasonably divide the construction units (the minimum unit shall be a single project) in accordance with the principle of independent use function, and after completing the construction drawing design and review, may apply for the construction permit according to the divided construction units. After the project goes through phased joint acceptance in accordance with the requirements of "one-stop" joint acceptance, support the handling of phased completion acceptance filing. Optimize the completion filing management of decorated commercial housing projects, and explore the handling of completion filing procedures in two construction stages: rough housing and interior decoration.
(5) Promote the "integration of acceptance and registration" to realize "getting the property certificate upon completion". Strengthen inter-departmental collaboration, connect business systems, and promote the simultaneous application and parallel approval of the first-time real estate registration and completion acceptance filing.
(6) Strengthen market supervision. Severely investigate and punish illegal and irregular behaviors of real estate development enterprises and intermediary agencies that collect pre-sale funds, deposits and other funds through non-supervised accounts, effectively standardize the order of the real estate market, and safeguard the legitimate rights and interests of home buyers.
This Implementation Opinion does not apply to indemnificatory housing projects. Detailed rules on pre-sale fund and deposit supervision, strengthened quality and safety supervision and other matters shall be formulated separately.
This Implementation Opinion shall take effect as of the date of issuance. If the relevant contents of previously issued documents are inconsistent with this Implementation Opinion, this Implementation Opinion shall prevail.
This article is from the WeChat Official Account "National Business Daily", authorized for release by 36Kr.