This article is from WeChat public account: Xuebei FINANCE (ID: snowfinance666) , author: Tony sister, the subject map from: Pixabay
In the past three years, Chinese regulators who have determined to stabilize house prices have been playing a game of moles with developers, and they have almost tightened any export where the latter can freely obtain funds.
However, a financing method that provides the largest amount of funds for housing companies and almost zero cost has been ignored: the pre-sale funds from buyers.
This month, the situation has changed. Many local governments have begun to launch intensive policies, and this financing channel is being threatened.
One
The latest action was in Xi’an. Three days ago, this city with a slight upward trend in house prices initiated a consultation process for the supervision system of real estate pre-sale funds.
Different from the supervision that has been implemented in many cities in the past, but without substantial restrictions, Xi’an this time clearly stipulated that the amount of pre-sale funds used by developers to pay for construction costs is 1.2 times the total amount of construction funds required.
The new system prohibits developers from directly collecting pre-sale funds,