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Are there any real estate options in China?
There is no such thing in China. The so-called option is linked to futures, which is inseparable from the delivery system.

Although the house is speculative, the house itself is very different because the real estate is attached to a specific location. Without standardized things, delivery is impossible!

Although the house is speculative, as a real estate attached to a specific location, the house itself is very different and not standardized. How to deliver?

Moreover, the delivery volume of bulk commodities actually accounts for only a small part of the real trade volume. When there is no perfect delivery system, futures will be decoupled from the spot and speculate on their own, just like a ship without an anchor, which can never dock.