TREE NEWS update: Beijing’s housing regulator and three other departments issued rules requiring commercial housing projects to complete the main structural topping-out of each building before presale applications, applying to projects whose land-use rights are announced after Aug. 28, 2026. Presale funds must be fully supervised throughout the process, with supervision lifted only after joint acceptance checks.
Beijing Requires Topped-Out Structures for Presale Approval from Aug 2026
AI take
This shifts presale risk from buyers toward developers, since units can no longer be marketed before a building's structure is complete. Smaller builders reliant on early cash flow face the sharpest adjustment, while the full-lifecycle supervision of presale funds further limits their flexibility. The open question is whether this consolidates the market around better-capitalized developers or slows new supply, and how enforcement plays out across projects already in the pipeline.
Generated by AI for reference only.
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