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Developers In Foshan , China S ,

Chinese city allows developers to sell new homes before loan repayment

Developers in Foshan, a city in southern China’s Guangdong province, can now start selling their new homes before fully repaying their development mortgages to banks, reports Caixin. The new policy is a government initiative to address sales challenges encountered by government-acquired housing projects from troubled developers, according to a banker, speaking anonymously. As certain real… ....

Li Yujia , Developers In Foshan , Guangdong Housing Policy Research Center ,