Reported 4 months ago
Chinese policymakers introduced measures to support the property sector, including converting unsold apartments into affordable housing. The policy includes public rental housing, government-subsidized rental housing, and shared ownership homes targeting low-income families, new urban residents, and people unable to afford a home. Guidelines vary by city, with funding coming from local governments and central authorities. The goal is to provide 8.7 million units of government-subsidized rental housing by 2025, with affordable housing expected to play a larger role in the future.
Source: YAHOO