Do new houses in Shanghai need to be selected by lottery?

The current transaction rules for new houses and new openings in Shanghai: 1. The developer first applies for registration, applies for a pre-sale certificate, and reports for some normal procedures; 2. If the developer’s pre-sale certificate is approved, it will be confirmed Opening date, subscription date (current new house transactions, if you have not participated in the early subscription, you will not be able to participate in the first opening lottery in the later period)

After receiving the pre-sale certificate, you must subscribe within 7 days. When raising funds, each developer has different requirements. It takes 10 days to check purchase restrictions, etc., and then determine the opening time and location. 3. On the opening day, combine the system's rolling sequence numbers and select a house in order. If you cannot choose a suitable one, the developer will subscribe to the fund. If a suitable one is selected within a certain period of time, the developer will convert the pledged funds into Deposit.