TREE NEWS update: Chengdu issued implementation rules for completed-home sales, allowing developers to sign deposit contracts with buyers and collect deposits capped at 5% of the total home price after obtaining a construction permit. Developers must declare their intent to sell completed homes in writing to municipal and county housing authorities before receiving the permit. If a developer defaults and cannot deliver on time, buyers may terminate the deposit contract per its terms.
Chengdu Requires 5% Deposit Cap for Completed-Home Sales
AI take
The 5% deposit cap shifts presale risk toward developers by limiting how much buyer capital can be locked up before delivery, a meaningful change for a market where presale financing has long been the norm. Buyers gain a clearer exit if delivery slips, while developers face tighter cash-flow discipline and a heavier compliance burden from the written declaration requirement. The open question is whether this completed-home framework spreads to other cities and whether it changes developer behavior on delivery timelines.
Generated by AI for reference only.
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