Rental Housing in China to Get More Focus
The Chinese Ministry of Housing and Urban-Rural Development has announced to push forward the political prioritisation of developing long-term rental markets and stabilising of housing prices. In the context of the 13th National People’s Congress that took place in March, it had been emphasised that property prices had effectively slowed down, with continued efforts invested into building effective control mechanisms to ensure a healthy real estate development market. To date, more than 50 state-owned leasing companies have been established in 12 trial cities. Further, it is planned than 30% of new land supply will be allocated for rental housing and ownership-shared housing by 2020. Read more..
