Shenzhen To Step Up Development Loan Support for Ready-for-Sale Housing Projects and Safe, Comfortable, Green, and Smart "Good Housing" Projects

36Kr learned that the Shenzhen Municipal Bureau of Housing and Construction and other departments have issued implementation opinions on carrying out the Notice on Improving the Commercial Housing Sales System. The opinions call for stronger financing support. For projects that obtain pre-sale permits after August 28, 2026, individual housing loans (including provident fund loans) may only be disbursed after completion and filing, and loan funds must be paid through entrusted payment into a funding supervision account. Development loan support will be increased for ready-for-sale housing projects and for safe, comfortable, green, and smart "good housing" projects. Lending banks should reasonably set disbursement timing and amounts based on construction progress and release development loans in batches. Loan funds must be paid through entrusted payment from the account opened at the lead bank directly to the accounts of the project company's transaction counterparties, and used entirely for project construction. For projects selling ready-for-sale homes and pre-sale homes, financing needs will be met on market-oriented principles, so that development loan disbursement matches the project construction cycle.