Four departments, including the Shanghai Housing, Urban-Rural Development Administration, the Municipal Housing Administration, the Municipal Bureau of Planning and Resources, and the Shanghai Financial Supervisory Authority, jointly issued the “Implementation Opinions on Implementing the 'Notice on Improving the Commercial Housing Sales System'”, which will take effect on September 28, 2026. In order to strengthen planning guidance, resource coordination, and market orientation, the “Implementation Opinions” clearly implement the “regulation, storage and use” integrated mechanism, strengthen real estate linkage, strengthen market research and judgment, and adhere to the “one place, one policy” for steady and orderly supply. The “Implementation Opinions” make it clear that land prices are allowed to be paid in installments. For commercial residential land that was announced after August 28, 2026, the sale price can be paid in installments according to national regulations. The down payment is made within 30 natural days from the date the concession contract is signed, and the payment ratio is not less than 50% of the total price. The balance can be extended to be paid within one year after the concession contract is signed; to meet the needs of the market and project, it can be extended for another year after making decisions in accordance with the prescribed procedures; if paid in installments, no interest is charged.

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