What does "uncompleted residential flats" mean?

The term of real estate property market is an investment tool, real estate futures, which refers to the unfinished real estate development projects that are pre-sold. Housing pre-sale permit is commonly known as uncompleted residential flats.

In Chinese mainland, the auction stage begins with the developer obtaining the pre-sale permit of commercial housing. After the house is completed, the developer completes the initial registration of house ownership in the local housing management department and obtains the real estate license (large production certificate), and the house becomes an existing house.

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Other terms related to uncompleted residential flats:

The word "Mortgage" is a Cantonese transliteration of the English word "mortgage", pronounced as à n Ji. It refers to a loan method of buying a house or shopping by borrowing money from a bank as collateral and then repaying it in installments.

Before Hong Kong's return to the motherland, the provisions on mortgage in Hong Kong were broadly defined and narrowly defined.

Mortgage in a broad sense refers to any form of pledge (pledge is the mortgage of movable property) and mortgage;

Narrow mortgage refers to transferring the property to the lender's name, and then transferring the property back to the borrower's (mortgagor's) name after the loan is paid off.

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