In a pilot scheme introduced to 13 Chinese big cities, farmers will for the first time be allowed to develop their collectively-owned land into residential properties for leasing, in another government move to stabilise housing prices and bolster the rental market.
The pilot scheme, announced on Monday evening by the Ministry of Land and Resources and Ministry of Housing and Urban-Rural Development, will cover cities like Beijing, Shanghai, Hangzhou and Guangzhou where the sizable population…
Source : South China Morning Post
Read more…China allows rural land for rental housing to stabilise property prices















