Here is a news clip from China Daily reporting on the "new law" in Nanning and the selling of homes/buildings that have not yet been completed. Too bad we did not have the same law here in Canada as many lost or had their deposit held back for a while as condo projects were cancelled and put back due to the down turn in the economy.

http://www.chinadaily.com.cn/china/2010-01/24/content_9368268.htm

NANNING: South China's Guangxi Zhuang Autonomous Region plans to pilot banning the sale of uncompleted commercial residential buildings in the capital city Nanning this year to "regulate the order of real estate market", local officials said Sunday.

The existing presale system allows developers to sell residential houses prior to the completion of construction.

The reform would make Nanning China's first city to ban the presale of commercial residential houses.

Song Jidong, a senior official of the regional housing and urban-rural development department, said specific policies are still being formulated.