Xiamen Requires Completed-Home Sales for 58,148 Yuan/sqm Land Plot

The shift to completed-home sales on the Huli plot marks a meaningful departure from pre-sale norms, effectively raising capital and execution risk for the developer while offering buyers a finished product. Both plots clearing at reserve price signals cautious demand, with state-linked consortia absorbing the smaller parcel. Whether other cities adopt completed-sale requirements, and how that reshapes developer cash-flow models, is the open question.