这一地官宣现房销售！

Core Viewpoint - The article discusses the recent policy changes in Xinyang, Henan Province, promoting the sale of completed residential properties instead of pre-sales, marking a significant shift in China's real estate market towards a new development model [1][6]. Summary by Sections Policy Implementation - On May 13, Xinyang's Housing and Urban-Rural Development Bureau announced measures to strengthen the management of pre-sale housing, implementing a "new and old distinction" principle for promoting completed property sales in urban areas [1][6]. - New projects must reach a construction completion stage before applying for pre-sale permits, and all newly sold land must follow the completed sales model [6][8]. Market Context - The pre-sale system has been a product of rapid urbanization in China, but as the industry slows down, the drawbacks of this system have become apparent, prompting the exploration of completed sales as a new model [1][10]. - Over 30 provinces have introduced policies related to completed sales since the end of 2022, aiming to enhance buyer confidence by allowing them to see and inspect properties before purchase [1][11]. Financial Regulations - The new measures include strict conditions for pre-sale permits, requiring developers to have invested at least 25% of total construction costs or to have completed half of the project before applying [6][7]. - Pre-sale funds must be deposited into a regulated account before signing contracts, ensuring that funds are used specifically for project construction [7][12]. Market Impact - The shift to completed sales is expected to reduce risks for buyers, as they can assess the quality of the property firsthand, potentially leading to a focus on quality in construction and design by developers [8][10]. - However, the immediate impact on Xinyang's market may be limited, as many new projects are already in a completed sales state, and the market is still adjusting [8][12]. Industry Trends - The article highlights a broader trend towards reforming the pre-sale system, which has been in place for 30 years, as the industry transitions to a "stock era" where existing properties are prioritized over new developments [10][11]. - The implementation of completed sales is seen as a necessary step to address issues such as project delays and quality concerns that have arisen under the pre-sale model [10][11]. Future Considerations - The transition to completed sales will require careful management of supply and demand, particularly in areas with varying inventory levels, to avoid market imbalances [13][14]. - The coexistence of pre-sale and completed sales models is anticipated for the foreseeable future, allowing flexibility for developers and buyers [14].