China to boost rental housing supply by allowing construction in rural land
[BEIJING] China will launch pilot programs in 13 major cities, including Beijing and Shanghai, to build rental housing in rural land, the land ministry said on Monday.
The programs are part of broad efforts to ease a housing supply shortage, the ministry said in a statement on its website.
As soaring property prices have made housing affordability a growing problem for policy makers, Chinese officials have been pushing for more initiatives to increase supply in the hottest markets, even though their effectiveness still remains to be seen.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Airbnb promises to combat sex work in rentals during Paris Olympics
Hong Kong property deals hit three-year high in April
More homes planned in Media Circle to support housing demand
Qatari Sheikh sells London mansion to fellow royal for £39 million
Toronto home sales fall for third month in April; prices rise
Far East Shopping Centre owners in private talks after close of S$928 million en bloc tender