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Wednesday, August 30, 2017
"Specific transferable housing" will increase rental housing supply in China
ANBOUND

The Ministry of Land and Resources announced that in order to increase the supply of rental housing to ease the problem housing imbalance, a housing system that integrates rental and purchase will be established, the Ministry of Land and Resources and the Ministry of Housing and Urban-Rural Development have confirmed using the collective construction lands within Beijing , Shanghai , Chengdu and 13 other cities for the first phase of the pioneering site for the rental housing system according to the willingness of local governments. The policy is expected to increase the supply of rental housing, lighten the housing imbalance, building the purchase-rental integration housing system according to the Ministry of Land and Resources. The policy, known as "specific transferable housing", will increase the supply of rental housing, which will be a small leap in the policy of rural land reform.

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