Suzhou Issues Implementation Opinions on Commercial Housing Sales: Newly Transferred Land Projects to Prioritize Completed-Home Sales

On October 24, the Suzhou Municipal Housing and Urban-Rural Development Bureau, the Suzhou Municipal Natural Resources and Planning Bureau, and the Suzhou Supervision Branch of the National Financial Regulatory Administration jointly issued implementation opinions to implement the requirements of the "Notice of the Ministry of Housing and Urban-Rural Development, the Ministry of Natural Resources, and the National Financial Regulatory Administration on Improving the Commodity Housing Sales System." The document specifies that, starting from August 28, 2026, commodity housing projects on newly transferred land will "give priority to completed-home sales," and deposits for completed-home sales shall in principle not exceed 3% of the total purchase price. This is Jiangsu's first implementation opinion on the "828 New Policy."