On July 29, the Nansha District Bureau of the Guangzhou Municipal Bureau of Planning and Natural Resources publicly listed the right to use a plot of residential land, requiring the contestants to promise to sell existing homes on one of the plots, while the local government provided support for payment of land concessions in installments. A relevant person from the Nansha District Housing and Urban-Rural Development Bureau told reporters that this is the first residential project in Guangzhou to include an “existing housing sales commitment system” as a condition of sale, effectively solving the trust issue of “whether the house can be delivered on time”. In the next step, the district will expand the scope of the existing housing sales commitment system pilot in an orderly manner, promote this model in more high-quality plots, and accelerate the formation of replicable experiences.

On July 29, the Nansha District Bureau of the Guangzhou Municipal Bureau of Planning and Natural Resources publicly listed the right to use a plot of residential land, requiring the contestants to promise to sell existing homes on one of the plots, while the local government provided support for payment of land concessions in installments. A relevant person from the Nansha District Housing and Urban-Rural Development Bureau told reporters that this is the first residential project in Guangzhou to include an “existing housing sales commitment system” as a condition of sale, effectively solving the trust issue of “whether the house can be delivered on time”. In the next step, the district will expand the scope of the existing housing sales commitment system pilot in an orderly manner, promote this model in more high-quality plots, and accelerate the formation of replicable experiences.