China pushes sales of finished homes as property slump drags on

China pushes sales of finished homes as property slump drags on China pushes sales of finished homes as property slump drags on

BEIJING — China is encouraging local governments and developers to focus on sales of finished apartments instead of preselling incomplete units, looking to reduce the risk of stalled construction and revive the sluggish real estate market.

This push aims to increase the number of completed apartments on the market. Some localities have begun restricting new housing sales to finished homes.