Yes. Beijing released an urgent notice stipulating that if property developers allow purchasers to pay for their pre-sold or vacant properties by mortgages, they shall not reject the purchasers if they wish to make payment by loans from the Housing Provident Fund. The property developers shall not impose any collateral conditions in accepting payment made by such loans. If a developer refuses to comply with this notice, the competent departments shall have the power to suspend their pre-sales contracts and execution of the related online contracts. The notice is effective immediately). The methods of payment agreed in the sales contracts signed before the implementation of the notice shall be effective.
