[Shenzhen: Commercial housing projects with newly announced land transfers after August 28, 2026 will give priority to existing housing sales] On October 15th, Shenzhen issued implementation opinions on the implementation of the "Notice on Improving the Commodity Sales System". It is proposed to promote the sales of existing houses in an orderly manner. (1) Scope of application for existing house sales. For commercial housing projects with newly announced land transfers after August 28, 2026, priority will be given to existing houses for sale. For projects that are transferred through bidding, auction and listing, and for which existing house sales are clearly required in the land transfer announcement, the development enterprise shall implement existing house sales. (2) Registration requirements for current sales. After obtaining the first registration of the house, the development enterprise shall submit the existing house sales plan and relevant certificates of delivery conditions to the housing construction department of the project area for record, and then organize sales according to the existing house sales plan. The houses sold and the construction land use rights shall be free of mortgages, seizures, etc. (3) Deposit management for existing houses. For currently-sold projects that have obtained the construction permit for the main structure of the residential building, the development company can sign a commercial housing deposit contract with the home buyer after fully studying and judging the performance and delivery risks. The deposit generally does not exceed 3% of the total purchase price; the housing purchase deposit contract should stipulate the deposit amount, commercial housing selling price, delivery time and liability for failure to perform on time, etc., to protect the legitimate rights and interests of both parties. If the development company defaults and fails to deliver the house on time, the home buyer has the right to terminate the deposit contract in accordance with the contract, and the development company will return the deposit in accordance with the law and assume liability for breach of contract.