Beijing finds way to meet rental housing demand
2 years, 11 months ago

Beijing finds way to meet rental housing demand

China Daily  

Editor's Note: Since the launch of the housing reform in the mid-1990s, the housing sector, including rental housing, has developed in different ways in urban and rural areas, mainly because of the availability of land, writes a veteran journalist with China Daily in the third of a series of commentaries on housing. Since the demand for low-rent housing needs to be met urgently, the Beijing local government has decided to offer more housing units for rent and sale. To address the problem, the Beijing government recently allowed villagers close to the urban area to build houses and apartment buildings on the land collectively owned by the village following a series of strict approval procedures. But even before the Beijing local government had issued the order, many villagers close to cities had ignored the then existing rules and built houses to be sold at one-third of the commercial price in the urban area, in order to earn some extra money. The Beijing local government's recent decision can help the farmers and tenants to get what both want－more money for the villagers and cheaper rental housing for the youths.

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History of this topic

Key Chinese cities adjust buying regulations to boost real estate market
2 months ago

Key Chinese cities adjust buying regulations to boost real estate market

China Daily  

A saleswoman shows a model of a newly developed residential area to a potential homebuyer in Urumqi, the capital city of Xinjiang Uygur autonomous region. TIANJIN — North China's Tianjin municipality abolished restrictive measures on home buying on Wednesday, marking another major Chinese city to adjust housing purchase policies to stabilize the real estate market. Individuals who purchase commodity housing …

China unveils new measures to stabilize housing market
2 months ago

China unveils new measures to stabilize housing market

China Daily  

A property project under construction in Beijing. BEIJING -- Chinese officials announced new measures on Thursday to cement signs of stabilization in the property sector, after a bundle of pro-housing policies rolled out last month brought about "positive changes in the market." Under the "white list" mechanism launched in January, local authorities are recommending that financial institutions provide financial support …

Affordable housing increased for migrant workers
3 months, 1 week ago

Affordable housing increased for migrant workers

China Daily  

Shanghai's target for this year to provide housing for 30,000 migrant workers at affordable prices is expected to be achieved by October, according to local officials. Housing for 21,100 workers has been provided at 25 sites spanning all of the city's 16 districts so far, with most monthly rents priced between 500 yuan and 1,000 yuan, accounting for no more …

Evolving housing needs unlock fresh prospects for China's property revival
3 months, 3 weeks ago

Evolving housing needs unlock fresh prospects for China's property revival

China Daily  

Residential buildings pictured in Changsha, Central China's Hunan province on May 9, 2021. BEIJING -- As China's property market transitions to a new development stage, a fresh vision for homes centered on comfort, sustainability and cutting-edge design emerges, driven by consumer expectations and policy initiatives. In a recent press conference, Ni Hong, minister of housing and urban-rural development, highlighted good …

Evolving housing needs unlock fresh prospects for China's property revival
3 months, 3 weeks ago

Evolving housing needs unlock fresh prospects for China's property revival

China Daily  

Xinhua | Updated: 2024-08-30 13:42 Residential buildings pictured in Changsha, Central China's Hunan province on May 9, 2021. BEIJING -- As China's property market transitions to a new development stage, a fresh vision for homes centered on comfort, sustainability and cutting-edge design emerges, driven by consumer expectations and policy initiatives. In a recent press conference, Ni Hong, minister of housing …

China exploring reforms in housing sales system to revitalize property sector
3 months, 3 weeks ago

China exploring reforms in housing sales system to revitalize property sector

China Daily  

Potential homebuyers look at property models in Huaian, Jiangsu province. BEIJING - China is pursuing reforms in its housing sales system with a shift from the traditional pre-sales practice -- homes being sold before construction is complete -- as part of a broader effort to steer the property sector to a healthy and sustainable path. "We will strongly and orderly …

China rolls out new measures to fix its property crisis, spur growth
7 months ago

China rolls out new measures to fix its property crisis, spur growth

Associated Press  

China announced a slate of fresh measures Friday to reinvigorate its ailing property industry after the latest data showed housing prices have slumped nearly 10% since the start of the year. He Lifeng, a vice premier, said officials would roll out policies to suit each city and “fight the tough battle of dealing with the risk of unfinished commercial housing.” …

Measures released to digest housing inventories
7 months, 1 week ago

Measures released to digest housing inventories

China Daily  

Potential homebuyers ask queries on housing projects at a real estate agency in Beijing in March. It is required to abide by the spirit of the Political Bureau of the Communist Party of China Central Committee meeting on April 30, fully implement the central government's work deployment, respond to the latest supply and demand conditions as well as people's expectation …

Chinese vice premier urges efforts to ensure delivery of housing projects
7 months, 1 week ago

Chinese vice premier urges efforts to ensure delivery of housing projects

China Daily  

Workers are seen busy at a construction site in Huai'an, Jiangsu province, in December. BEIJING -- Vice Premier He Lifeng on Friday urged efforts to push forward the construction of government-subsidized housing, dual-use public infrastructure that can accommodate emergency needs, and the redevelopment of urban villages. Efforts should be made to address risks concerning unfinished commercial housing projects, ensure the …

New real-estate development mode key to solving housing market woes
9 months, 1 week ago

New real-estate development mode key to solving housing market woes

China Daily  

A salesman introduces a residential project to potential homebuyers in Taiyuan, Shanxi province. The policies recently announced by the top authorities indicate that the country will strive to seek breakthroughs by stabilizing the market, preventing risks and promoting transformation, while actively building a new mode of real estate development. Although the task of stabilizing the real estate market is still …

China pledges more help for its ailing property market, as IMF forecasts economy will slow
10 months, 3 weeks ago

China pledges more help for its ailing property market, as IMF forecasts economy will slow

Associated Press  

BANGKOK — Markets in China sank Friday despite a fresh flurry of measures to help prop up the ailing property sector, as the International Monetary Fund forecast that the Chinese economy will continue to slow in coming years. “Financial support for the development of the housing rental market should highlight key points and target shortcomings, mainly in large cities, focusing …

Desperate Chinese property developers resort to bizarre marketing tactics
11 months ago

Desperate Chinese property developers resort to bizarre marketing tactics

Live Mint  

China’s real-estate crisis has dragged down the economy, caused massive layoffs and pushed multibillion-dollar companies to the point of collapse. A property company in Tianjin ran a video A residential compound in eastern China’s Zhejiang province promised last year to give home buyers a 10-gram gold bar. Earlier this month, Sheng Songcheng, former head of the statistics department at the …

Property policies set to be optimized in first-tier cities
1 year, 4 months ago

Property policies set to be optimized in first-tier cities

China Daily  

Potential homebuyers check out housing projects at a real estate agency in Beijing, June 24, 2023. Local housing authorities in some first-tier cities, including Beijing, Shenzhen and Guangzhou, will put latest property policies in place, better meet people's basic and upgraded demand for housing, promoting the stable and healthy development of the real estate market. According to the meeting, it …

A lot more efforts needed to solve housing problem in metropolises
3 years ago

A lot more efforts needed to solve housing problem in metropolises

China Daily  

A real estate agent fields queries from prospective homebuyers at a shopping mall in Shanghai on Aug 1. Editor's Note: Since the launch of the housing reform in the mid-1990s, the ratio of house ownership in China has increased drastically; in fact, it is higher than in many developed countries. So high is the concern about housing that many young …

Housing woes in key cities to get top priority
4 years ago

Housing woes in key cities to get top priority

China Daily  

Potential homebuyers look at property models in Tongxiang, Zhejiang province. ZHU DIFENG/FOR CHINA DAILY Solving the housing problem in major cities and developing the home rental market will be among the eight key objectives for the central authorities next year and will set the tone for the overall development of the real estate sector in the country, experts said on …

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