Wuhan Moves to Allow Construction Before Full Land Payment

Wuhan is effectively loosening the cash-flow sequencing that has constrained developers, allowing construction and partial pre-sales to begin before full land payment, with closed fund management and mortgage pre-registration as guardrails. The significance lies in shifting risk from upfront land finance toward project-level oversight, which matters most for developers with thin balance sheets and for local fiscal revenue tied to land sales. Whether the closed-management safeguards hold and whether other cities adopt similar sequencing is the open question.