Guangzhou: Presale Projects Sold After Aug 28, 2026 Must Have Structural Topping-Out

Guangzhou is tightening presale eligibility on a forward-looking basis, tying it to structural completion rather than earlier stages of construction. The carve-out for projects already holding construction planning permits preserves the existing pipeline, so the practical effect lands on future land sales rather than current inventory. For developers, the shift implies longer pre-revenue construction cycles and heavier upfront funding needs; for buyers, it reduces completion risk on affected projects. The open question is whether other cities adopt the same cutoff logic, and how land bidding behavior responds once the new conditions bind.