楼市要变天了！住建部铁腕推“现房销售”，开发商空手套白狼梦碎

Core Viewpoint - The recent announcement by the Ministry of Housing and Urban-Rural Development (MHURD) to fully implement the "current housing sales" system by 2026 marks a significant shift in China's real estate market, moving away from the traditional pre-sale model to a more transparent and consumer-friendly approach [1][8][22] Group 1: Market Changes - National real estate development investment has decreased by 15.9% year-on-year in the first 11 months of this year, with residential investment down by 15% [1] - The new policy aims to address systemic risks accumulated in the real estate sector, indicating a proactive reform rather than a market collapse [5][22] - The proportion of current housing sales has increased from 12.7% in 2020 to 30.8% in 2024, with a 12.5% year-on-year growth in the first half of 2025 [10][12] Group 2: Policy Implementation - The MHURD's meeting emphasized the transition from pilot programs to mandatory implementation of the current housing sales system, which is expected to significantly reduce buyer risks [8][22] - A "white list" mechanism will provide financing support to capable developers, ensuring project delivery, while a "main bank system" will hold banks accountable for supported projects [14][16] - Developers will face longer cash return cycles, shifting from a quick return on pre-sales to a 2-3 year wait after project completion [14][16] Group 3: Consumer Impact - The current housing sales model allows buyers to see and approve the property before payment, aligning with modern consumer expectations and enhancing living quality [18][20] - The shift to current housing sales is expected to create a safer, more transparent, and rational market environment for buyers [24] - The focus of the real estate sector is shifting from price increases to quality of living and urban development, indicating a return to the sector's role in improving people's lives [20][22]