Tianjin tightens control over the prices of new houses, properties priced too low might have their online signing restricted.

Market news recently showed that Tianjin will regulate the sales prices of newly built commercial properties. For projects with new sales permits, the price change range should not exceed 10% of the record price. For properties already granted sales permits, discounts of more than 10% must be submitted in writing, and discounts of more than 15% will result in the closing of online signings. Journalists called the housing and construction committees of several districts in Tianjin. Some staff members said that the general direction is indeed to strengthen management, but the specific implementation will depend on the situation of each property. The core purpose is to stabilize housing prices. Another staff member also stated that the 10% standard is not a strict rule, but management has indeed been strengthened, and if prices are too low, online signings will be restricted.