According to CoinMeta, Shaoxing in Zhejiang Province introduced detailed regulations for the sale of existing houses on November 4th, becoming the 20th city to implement the new real estate policies announced on August 28th, as well as the fifth city in Zhejiang Province to do so. The regulations stipulate that starting from August 28th, commercial housing projects with newly issued land transfer announcements should give priority to the sale of existing houses. The houses sold and the rights to use the construction land must not be mortgaged or under seizure. Real estate development companies are required to disclose the mortgage status of the houses and, when signing relevant agreements with buyers, must clarify the mortgage status and commit to a deadline for canceling the mortgage before completing the contract registration procedures. The deposit for the sale of existing houses shall not exceed 5% of the total house price.